Embotelladora Andina Stock

Embotelladora Andina S.A. operates as a bottler of Coca-Cola trademark beverages in Latin America.

The company is the largest bottler of Coca-Cola trademark beverages in Chile and Argentina and the third largest in Brazil, in each case in terms of sales volume. The company is also the only bottler of Coca-Cola trademark beverages in Paraguay.

In addition to the company's soft drinks business, the company produces, sells and distributes fruit juices, other fruit-flavored beverages, sport drinks, mineral and purified water in Chile, Argentina, Brazil and Paraguay under trademarks owned by The Coca-Cola Company, and flavored waters in Chile, Argentina and Paraguay; produces, sells and distributes iced tea, mate beverages in Brazil; produces, sells and distributes seed-based beverages in Argentina under trademarks owned by The Coca-Cola Company, and sells and distributes these products in Brazil, Chile and Paraguay; produces, sells and distributes energy drinks in Argentina, Brazil and Chile under trademarks owned by Monster Energy Company, and sells and distributes these products in Paraguay; produces, sells and distributes pre-mixed cocktails in Argentina; manufactures polyethylene terephthalate ('PET') bottles and preforms, returnable PET bottles, cases and plastic caps, primarily for the company's own use in the packaging of its beverages in Chile and Argentina; sells and distributes beer in Brazil under the brands Bavaria, Kaiser, Sol, Therezópolis, Tiger, Eisenbahn and Estrella Galicia; sells and distributes alcoholic beverages in Brazil under the brands Campari, Aperol, Sagatiba, Dreher, Old Eight, Drury´s, Skyy, Bulldog, Cinzano, Cynar and Liebfraulmilch; sells and distributes beer, sparkling wine, spirits, wine, cider and other alcoholic products in Argentina; sells and distributes beer, spirits and wine in Chile; sells and distributes hard seltzers under the brand Topo Chico in Brazil and Chile; and distributes ice cream and other frozen products under the Guallarauco brand in Chile.

Products

The company produces, markets and distributes the following Coca-Cola trademark beverages and brands licensed from third parties throughout the company's franchise territories.

The company produces, markets and distributes Coca-Cola products in the company's franchise territories through standard bottler agreements between the company's bottler subsidiaries and the local subsidiary in each jurisdiction of The Coca-Cola Company. The company considers its relationship with The Coca-Cola Company to be an integral part of the company's business strategy.

In addition to non-alcoholic beverages portfolio, the company sells and distributes beer, spirits and wine in Chile; sells and distributes beer and other alcoholic beverages in Brazil; produces, sells and distributes pre-mixed cocktails in Argentina; and sells and distributes beer, wine and other alcoholic beverages in Argentina.

In Argentina, the company distributes beers of the brands Amstel, Heineken, Sol, Imperial, Palermo, Schneider, Kunstmann, Isenbeck, Miller, Blue Moon, Grolsch, Warsteiner, Iguana, Salta Cautiva, Santa Fe and Antares; Wines and sparkling wines of the brands Colón, La Celia, Eugenio Bustos, Graffigna, Alaris, Alma Mora, Colección Privada, Dadá, Dolores, Don David, El Bautismo, Elementos, Fair for Life, Finca Las Moras, Fond de Cave, Los Árboles, Los Intocables, Navarro Correas, Paz, San Telmo, Suter, Termidor and Trapiche; Baileys liqueurs, Tanqueray Gin, Smirnoff Vodka, J&B Whisky, Johnnie Walker Whisky, Old Parr Whisky, Vat-69 Whisky, White Horse Whisky and Legui, and other alcoholic products of the brands Schweppes, 1888 Cider, Real Cider, Pehuenia Cider and Frizze.

In Brazil, the company distributes beers of the brands Bavaria, Kaiser, Sol, Therezópolis, Estrella Galicia, Eisenbahn and Tiger; spirits of the brands Aperol, Bulldog, Campari, Cinzano, Cynar, Dreher, Drury'S, Old Eight, Sagatiba and Skyy; wines and sparkling wines of the brands Liebfraulmilch and Cinzano, and other alcoholic products of the brands Topo Chico and Schweppes.

In Chile, the company distributes beers of the brands Budweiser, Corona, Stella Artois, Becker, Becks, Cusqueña, Báltica, Kilómetro 24.7, Quilmes, Bud light, Michelob Ultra, Modelo, Pilsen del Sur, Malta del Sur, Leffe, Goose Island, Hoegaarden; the company also distributes Baileys, Bourbon Bulleit, Gin Gordon, Gin Tanqueray, Ron Cacique, Ron Pampero, Ron Zacapa, Sheridan's, Tequila Don Julio, Vodka Ciroc, Vodka Smirnoff, Whisky Bell's, Whisky Buchanan's, Whisky J&B, Whisky Johnnie Walker, Whisky Old Parr, Whisky Sandy Mac, Whisky Singleton, Whisky Vat-69, Whisky White Horse, Pisco Monte Fraile, Pisco Hacienda La Torre, Pisco Alto del Carmen/Alto del Carmen Ice, Pisco Capel/Capel Ice, Pisco Brujas de Salamanca, Pisco Artesanos del Cochiguaz, Ron Maddero. The company also distributes wines and sparkling wines of the brands Prologo Late Harvest, Vino Grosso, Vino Huancara, Vino Carbonatado Pkador, Espumante Francisco de Aguirre, Espumante Sensus, Espumante Nola Zero, Espumante Myla, 120, Amaranta/Amaranta Spritz, Bodega Uno, Cabernario, Carmen, Casa Real, Cavanza, Doña Paula, Floresta, Hermanos Carrera, Heroes, Invictas, Los Cardos, Medalla Real, Rita, Sangria Guay, Santa Rita, Stellar-Ice, Terra Andina, and other alcoholic products of the brands Sour Inca de Oro, Topo Chico and Schweppes.

All the alcoholic products the company commercializes are purchased from the company's commercial partners, except for the pre-mixed cocktails produced in Argentina.

The company seeks to enhance its business throughout the franchise territories by developing existing markets, penetrating other soft drink, waters and juices markets, and also alcoholic beverages markets, forming strategic alliances with retailers to increase consumer demand for the company's products, increasing productivity, and by further internationalizing the company's operations.

Segments

Chile

In Chile, the company produces, markets and distributes its beverages under The Coca-Cola Company trademarks in the metropolitan region of Santiago and the provinces of Cachapoal and San Antonio, as well as the regions of Antofagasta, Atacama, Coquimbo, Aysen and Magallanes.

Soft Drinks: As of December 31, 2022, the company sold its products to approximately 70,000 customers in Chile.

Other Beverages: Coca-Cola Andina, through VJ S.A., produces and sells juices, fruit flavored beverages and sports drinks. Juices are manufactured and commercialized under the brands Andina del Valle (juices and fruit nectars), Kapo (juice drink), Glaceau Vitamin Water (water with added vitamins and minerals), Powerade (isotonic), Ades (soy juice) and Guallarauco (fruit waters and nectars). Vital Aguas S.A. is in charge of bottling mineral and mineralized water under the brand Vital. Also, Andina (in Chile) produces purified water under the brand Benedictino.

In September 2016 and July 2017, the company began the distribution in Chile of products under the trademarks of Monster and AdeS, respectively. In 2018, the company began selling and distributing certain Guallarauco products and also spirits from the company Diageo, and in 2019 the company began with the sale and distribution of liquors and wine of the company Capel.

In 2020, the company began selling and distributing AB InBev beer in Chile, under the following brands: Corona, Becker, Báltica, Budweiser, Stella Artois, Cusqueña, among others.

In May 2020, the company began the production of Monster in Chile, trough Envases Central S.A.

In 2021 the company began selling and distributing Viña Santa Rita wines under the following brands: Doña Paula, 120 Tres Medallas, Casa Real, Carmen, Santa Rita, among others.

Brazil

In Brazil, the company produces, markets and distributes its beverages under The Coca-Cola Company trademarks in the majority of the State of Rio de Janeiro and the entirety of the State of Espírito Santo and since October 1, 2013 in part of the state of São Paulo and part of the state of Minas Gerais, as a consequence of the Ipiranga acquisition on October 1, 2013.

Soft Drinks: As of December 31, 2022, the company sold its products to approximately 84,000 customers in Brazil.

Other Beverages: From September 2021, the company sells and distributes beer under the Therezópolis, Estrella Galicia, Eisenbahn, Tiger, Sol Premium, Kaiser and Bavária brands. As of November 2021, the company started to distribute Topo Chico and Schweppes with alcohol. The company sells and distributes water under the labels Crystal and SmartWater, ready-to-drink juices under the labels Del Valle Mais, Del Valle Fresh, Del Valle Frut, Del Valle 100%, and Kapo, energy drinks under the brand names Monster, Burn and Reign, isotonic drinks under Powerade brand and Matte Leão, Leão Ice Tea and Guaraná Power ready-to-drink teas. The company also sells and distributes seed-based beverages, AdeS Juice and AdeS Milk, under the brand name AdeS. From May 2022 the company started to distribute alcoholic beverages from Campari´s portfolio under the brand names Campari, Aperol, Sagatiba, Dreher, Old Eight, Drury´s, Skyy, Bulldog, Cinzano, Cynar and Liebfraulmilch.

Argentina

In Argentina, the company produces, markets and distributes its beverages under The Coca-Cola Company trademarks in the entirety of the provinces of Córdoba, Mendoza, San Juan, San Luis, Entre Ríos, western part of the province of Buenos Aires and most of Santa Fe, as well as La Pampa, Neuquen, Río Negro, Chubut, Santa Cruz, and Tierra del Fuego.

Soft Drinks: As of December 31, 2022, the company sold its products to approximately 68,000 clients in Argentina.

Other Beverages: in Argentina the company produces, sells and distributes flavored waters under the brand name Aquarius, and mineral and drinking water under the brands Bonaqua and Benedictino. In addition, the company produces, sells and distributes ready to drink juices under the Cepita brand name, and fruit and vegetable seed based drinks under the brand name AdeS (which in 2017 was incorporated into the portfolio through a joint venture between The Coca-Cola Company and other Coca-Cola bottlers, including Andina). The company also produces, sells and distributes sport drinks under the Powerade brand name; and produces, sells and distributes energy drinks under the Monster brand name (which was incorporated into the portfolio in 2018). The company also produces, sells and distributes ARTD's (alcoholic ready-to-drink beverages) under the Schweppes brand. The company distributes beers of the brands Amstel, Heineken, Sol, Imperial, Palermo, Schneider, Kunstmann, Isenbeck, Miller, Blue Moon, Grolsch, Warsteiner, Iguana, Salta Cautiva, Santa Fe and Antares; Wines and sparkling wines of the brands Colón, La Celia, Eugenio Bustos, Graffigna, Alaris, Alma Mora, Colección Privada, Dadá, Dolores, Don David, El Bautismo, Elementos, Fair for Life, Finca Las Moras, Fond de Cave, Los Árboles, Los Intocables, Navarro Correas, Paz, San Telmo, Suter, Termidor and Trapiche; Baileys liqueurs, Tanqueray Gin, Smirnoff Vodka, J&B Whisky, Johnnie Walker Whisky, Old Parr Whisky, Vat-69 Whisky, White Horse Whisky and Legui, and other alcoholic products, such as 1888 Cider, Real Cider, Pehuenia Cider and Frizze.

Paraguay

In Paraguay, the company produces, markets and distributes its beverages under The Coca-Cola Company trademarks in the entire country.

Soft Drinks: As of December 31, 2022, the company sold its products to approximately 52,000 customers in Paraguay.

Other Beverages: In Paraguay, the company produces and distributes juices ready to drink under the trademark Del Valle and the company imports and distributes seed-based drinks under the AdeS trademark. The company also manufactures and sells water under the trademarks Dasani (purified water), Aquarius (flavored water), Benedictino (mineral water) and Powerade (sports drinks). The company also imports and distributes energy drinks under the trademark Monster (since May 2019).

Distribution

Chile

Soft Drinks, Juices, Waters and Other Beverages: In Chile, the company distributes its products through a distribution system that includes: trucks owned by third parties (539 trucks), which provide exclusive distribution service; and the company's own trucks (264 trucks). In 2022, 90% of the company's distribution was carried out by exclusive third-party trucking companies and 10% by Andina group companies. Distribution of all Andina beverages in Chile is carried out from distribution centers and production facilities. In most cases, the transportation company collects payment in cash or checks from the customer. In some cases, the driver also collects empty returnable glass containers or PET bottles of the same type and quantity as those delivered or collects cash deposits for net returnable bottles delivered.

Beer and other Alcoholic Beverages: Andina in Chile uses its distribution system to distribute beer, and other alcoholic beverages in its franchise territories. Since 2018 it has developed a portfolio expansion strategy to become a total beverage company. To this end, the company has entered into agreements with different strategic partners that have transformed its value proposition towards the customers of the different channels it serves in each category. Since 2018 it has been distributing Diageo's complete distilled spirits portfolio, brands such as Johnnie Walker, Vat-69, Sandy Mac (whiskey), Cacique and Zacapa (rum), Smirnoff and Ciroc (vodka), Tanqueray and Gordon's (gin), Bailey's liqueur, among others, in the traditional channel, on-premise channel, convenience stores and B2C digital channel. In the third quarter of 2019, distribution of the complete product portfolio of the Capel Cooperative (Alto del Carmen and Capel piscos, among other brands, and wines from Viña Francisco de Aguirre) began in all channels in the territory. In 2020, a commercialization and distribution agreement was signed, with which most of the AB InBev brands in Chile were added to the company's portfolio, as part of the agreement, the products of said multinational are commercialized in the different channels in most of the company's territory. Finally, in 2021 a distribution agreement was signed with 'Viña Santa Rita' to commercialize and distribute its main brands (as of November 2021) throughout Chile, such as wines, sparkling wines and cocktails. Andina in Chile buys the different alcoholic products from commercial partners (Diageo, Cooperativa Capel, AB InBev and Viña Santa Rita) at a price determined by those partners and sells them to its customers with a margin previously agreed by category and channel, to which different variables are added for the achievement of goals.

Brazil

Soft Drinks, Juices, Waters and Other Non-alcoholic Beverages: In Brazil, the company generally distributes Coca-Cola products through a distribution system that includes: own trucks, trucks operated by independent distributors pursuant to non-exclusive distribution arrangements, and trucks operated by independent transport companies on an exclusive basis with the company. In 2022, 12.8% was distributed by exclusive distributors, 3.1% by independent transport companies and 84.1% by the company's own trucks. Distribution of all of Andina Brazil's beverages takes place from distribution centers and production facilities.

Other Beverages: Andina Brazil uses its distribution system to distribute beer in the Brazilian territory.

In September 2021, the Coca-Cola Brazil System, including Andina Brazil, signed a Master Agreement and Distribution Agreement with Estrella de Galicia Importação e Comercialização de Bebidas e Alimentos Ltda, with a term of 12 years, for the distribution of branded beers Estrella Galicia throughout the Brazilian territory with exclusivity.

In April 2022, the Coca-Cola Brazil System, including Andina Brazil, signed a Master Agreement and Distribution Agreement with Campari, with an expiration date of December 31, 2026, for the exclusive distribution of Campari-branded beverages throughout the Brazilian territory.

In November 2022, Andina Brazil, signed a Copacking Agreement with Monster, with a term of 10 years.

Argentina

Soft Drinks, Juices and Waters: In 2022, 67.4% of EDASA's Coca-Cola NARTD volume were distributed by direct distribution and 32.6% by other distributors and wholesale distribution (indirect distribution). The direct distribution is done by a group of independent transport companies, on an exclusive basis.

Other Beverages: Andina Argentina uses its distribution system to distribute beer in the territory composed by the provinces of La Pampa, Neuquen, Río Negro, Chubut, Santa Cruz, Tierra del Fuego and the following parts of the Province of Buenos Aires: Bahía Blanca, Tornquist, Coronel M.L.Rosales, Coronel Dorrego, Villarino, Daireaux, Guamini, Adolfo Alsina, Coronel Suarez, Coronel Pringles, Saavedra, Puán, Saliqueló, Municipio Urbano de Monte Hermoso, Benito Juárez, Gonzalez Chávez, Tres Arroyos, Carmen de Patagones, Olavarría, Azul, Tapalque, Laprida, Lamadrid, Arrecifes, Chacabuco, Colón, Pergamino, Rojas, Salto, Bartolome Mitre, Capitán Sarmiento, 9 de Julio, 25 de Mayo, General Alvear, Chivilcoy, Alberti, Bragado, Junín, Viamonte, Arenales, L.N.Alem, Lincoln, General Pinto, Ameghino, Tres Lomas, Pehuajó, Carlos Casares, Hipólito Yrigoyen, Bolívar, Carlos Pellegrini, Trenque Lauquen, Rivadavia, Carlos Tejedor, General Villegas. Andina Argentina began distributing beer in 2012 due to the merger with Coca-Cola Polar.

The Coca-Cola Company and two bottlers (ex-Coca-Cola Polar Argentina S.A., today Andina Argentina, and ex Juan Bautista Guerrero S.A., today Salta Refrescos S.A. of the Arca group) executed a master agreement regarding the distribution of beer manufactured or imported by CICSA, through the Coca-Cola distribution system. The distribution master agreement was executed in 2003 for an initial period of five years, with successive extensions every three years, and the last one agreed in November 2017 for a new five-year term expiring on June 12, 2022. In 2019, an addendum to this agreement was signed to amend the commissions and include wine and cider within the scope of the distribution agreement. Also, on June 21, 2022, the parties agreed to extend the master distribution agreement for a one-year term until June 12, 2023. Lastly, on June 28, 2022, Andina Argentina and Grupo Peñaflor S.A. entered into a distribution agreement for alcoholic beverages manufactured or imported by Grupo Peñaflor S.A. in the territory of the Provinces of Mendoza, San Juan and San Luis.

In addition, in December 2017, EDASA executed an agreement with Monster Energy Company for the distribution and commercialization of energy drinks of the 'Monster' trademark for an initial period of 10 years in the territory within the franchise of Andina Argentina, with the consent of The Coca-Cola Company. Also, in April 2021 EDASA, together with Monster Energy Company, entered into an agreement whereby Monster Energy Company appointed Embotelladora del Atlántico S.A. as the manufacturer of products bearing the 'Monster' brand for an initial term of 5 years.

Paraguay

Soft Drinks, Juices and Waters: In 2022, PARESA distributed 89.2% of its products through direct distribution (independent transport companies), and 10.8% through wholesale distributors.

Competition

Chile

Soft Drinks: The company's main competitor in the Chilean franchise territory is Embotelladora Chilenas Unidas (ECUSA), a subsidiary of Compañía Cervecerías Unidas S.A. (CCU), the largest brewer in Chile.

Other Beverages: The company's main competitor in the water market is CCU, which has its own brand (Cachantun), where there is also competition from other low-priced brands ('B-Brands'). The company's main competitors in the juice segment are the Watt's-CCU joint venture, Córpora Tres Montes and three of the main milk producers in Chile: Soprole S.A., Nestle Chile S.A. and Loncoleche. In the different alcoholic categories, Andina's main competitor in Chile is CCU.

Brazil

Soft Drinks: The company's main soft drink competitor in the Brazilian territory is American Beverage Company or AmBev, the largest beer producer and distributor in Brazil and also produces soft drinks, including Pepsi-Cola products.

Other Beverages: In the beer sector, Andina Brazil's main competitor is AmBev.

Argentina

Soft Drinks: The company's greatest competitor in Argentina is Pepsi, commercialized by InBev. The most significant B-brands competitors are: Refres Now (Manaos), Pritty and Produnoa (Secco).

Other Beverages: The company's biggest competitor in the water category is Danone, RPB (Baggio) in juices and InBev in sports drinks.

Paraguay

Soft Drinks: The company's greatest competitor, local brand 'Niko/De La Costa,' is produced and bottled by Embotelladora Central S.A., which had a 10% market share in 2022.

Seasonality

Each of the company's lines of business are seasonal. Most of the company's beverage products have their highest sales volumes during the South American spring and summer (October through March), with the exception of nectar products, which have a slightly higher sales volume during the South American winter and autumn (April through September).

Packaging

Through Envases CMF S.A. in Chile (50% owned by Andina and 50% owned by Embonor), and Andina Empaques Argentina S.A. ('AEASA') in Argentina the company produces PET bottles in both returnable and non-returnable formats, preforms and plastic caps. On average, returnable PET bottles can be used up to 12 times. Non-returnable PET bottles are produced in various sizes and are used by a variety of soft drink producers and, in Chile, also by producers of food, wine, home care and personal hygiene products.

Competition

In Argentina, the company competes principally with Alpla S.A. and Amcor.

Raw Materials and Supplies

Chile

Soft Drinks: Main suppliers of raw materials for the production of soft drinks:

Concentrate: Coca-Cola de Chile S.A.

Sweeteners (Sugar/Fructose): Iansa Ingredientes S.A., Sucden Chile S.A. and Comercializadora de Productos Panor Ltda.

Preform plastic containers: Envases CMF S.A.

Glass containers: Cristalerías de Chile S.A. and Cristalerías Toro S.P.A.

Caps: Sinea S.A.

Cardboard: Corrupac S.A. and Envases Impresos S.A.

Caps and preforms: Syphon S.A.

Thermo-contractible: Plásticos Arpoli S.P.A.

Brazil

Soft Drinks: Main suppliers of raw materials for the production of soft drinks:

Concentrate: Recofarma Industria do Amazonas Ltda.

Sweeteners (Sugar/Fructose): Usina Alta Mogiana S.A. Açúcar e Alcool.

Preform plastic containers: Valgroup Rj Industria De Embalagens Rigidas Ltda.

Returnable plastic containers: RioPet Embalagens S.A.

Cans: Crown Embalagem Metalica Da Amazonia As.

Caps: Bericap do Brasil Ltda.

Cardboard: Tetra Pak Ltda.

Labels: Pp Print Embalagens S.A.

Electricity/Gas: Ecogen Rio Soluções Energeticas S.A.

Water: Igua Rio De Janeiro S.A.

Thermo-contractible: Valgroup Ba Industria De Embalagens Flexiveis Ltda.

Argentina

Soft Drinks: Main suppliers of raw materials for the production of soft drinks:

Concentrate: Servicios y Productos para Bebidas Refrescantes S.R.L.

Sweeteners (Sugar/Fructose): Ingrecor S.A. and Complejo Aliment. San Salvador S.A.

Returnable Plastic Containers: Andina Empaques Argentina S.A. and Vinisa Fueguina S.R.L.

Resin Containers: Alpek Polyester Argentina S.A.

Cardboard: Tetra Pak S.R.L.

Glass Containers: Cattorini Hnos. S.A.C.I.F.E I.

Cans: Ball Beverage Can South America S.A.

Cardboard / Pallet / Chapadur: Fiplasto S.A. and Repallets S.A.

Thermo-contractible: Rio Chico S.A.

PET Packaging: The principal raw material required for production of PET bottles is PET resin. During 2022, this raw material was mainly purchased from Alpek Polyester Argentina S.A. and Ecopek S.A. In the case of plastic caps and cases, the main raw material required for their production is HDPE resin (high density polyethylene), which during the year 2022 was bought mainly from PBB Polisur S.A. and GC Marketing Solution CO.

Paraguay

Soft Drinks: Main suppliers of raw materials for the production of soft drinks:

Concentrate: Recofarma Indústria do Amazonas Ltda. and Servicios y Productos para Bebidas.

Sweeteners (Sugar/Fructose): Inpasa del Paraguay S.A., Alcotec Sociedad Anónima, and Azucarera Paraguaya S.A.

Preforms: Industrias PET S.A.E.C.A.

Caps/Preforms: Andina Empaques Argentina S.A.

Coil: Tetra Pak Global Distribution S.A.

Labels: Bolsi Plast S.A.

Film: Petropack S.A.

Juices: Fenix S.A.

Caustic Soda: Grupo Bio S.A.C.I.

Marketing

The company and The Coca-Cola Company jointly promote and market Coca-Cola products in the company's franchise territories, in accordance with the terms of the company's respective bottler agreements. The company advertise in major communications media. The company focus the company's advertising efforts on increasing brand recognition by consumers and improving the company's customer relations. National advertising campaigns are designed and proposed by The Coca-Cola Company's local affiliates, with the company's input at the local or regional level.

Channel Marketing

In order to provide more dynamic and specialized marketing of the company's products, its strategy is to divide the company's market into distribution channels. The company's main channels are 'mom and pops' which are small retailers, 'on premise' consumption such as restaurants and bars, 'supermarkets' and 'wholesale distributors'.

Bottler Agreements

The company's status as a The Coca-Cola Company franchisee is based on the bottler agreements that the company has entered into with The Coca-Cola Company by which it has the license to produce and distribute Coca-Cola brand products within its operating franchise territories in Chile, Brazil, Argentina and Paraguay.

Regulations

Paraguay: PARESA is registered with the Ministry of Industry and Trade in Paraguay, which issues and renews the industrial registry.

History

Embotelladora Andina S.A. was founded in 1946. The company was incorporated in 1946 under the Chilean Companies Law as a sociedad anónima (stock corporation).