Embotelladora Andina SA ADR Dossier
Qualitative Analysis
Business overview
Andina Bottling Co Inc (Embotelladora Andina S.A.) is one of the leading Coca-Cola bottlers in Latin America and ranks among the top ten largest Coca-Cola bottlers globally. Headquartered in Santiago, Chile, the company operates franchised territories across Chile, Brazil, Argentina, and Paraguay, serving a consumer base of approximately 52 million people. Andina produces, markets, and distributes Coca-Cola trademark beverages, including carbonated soft drinks, waters, juices, sports and energy drinks, and teas. Additionally, the company has expanded its portfolio into alcoholic beverages, distributing beer, spirits, and wines through strategic partnerships. The company is jointly controlled by the Chadwick Claro, Garcés Silva, Said Handal, and Said Somavía families.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Deepening digitization efforts across all operations to optimize sales channels and customer relations. Over 80% of net revenue (reaching 84.2% in Q1 2026) is generated through digital platforms.
Expected impact: Improves sales efficiency, customer reach, and transaction volumes while lowering transaction processing costs.
Investing heavily in returnable containers, cases, and returnable production lines, particularly in Brazil, to increase the mix of refillable packaging and food-grade recycled resin (PET) in bottles.
Expected impact: Supports the company's sustainability goals, reduces plastic waste, and offers cost-effective options to inflation-sensitive consumers.
Implementing carbon-emissions reduction targets validated by the Science Based Targets initiative (SBTi) to reduce Scope 1 & 2 emissions by 42% and Scope 3 emissions by 25% by 2030.
Expected impact: Mitigates environmental impact, improves energy efficiency, and aligns operations with global climate standards.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Strategic Partnerships
Operates the Re-Ciclar recycled resin plant in Chile, which was inaugurated in 2024. This partnership is critical for sourcing food-grade recycled PET resin, helping the company reach a consolidated recycled resin ratio of 27.48% in 2025.
Terms: Co-investment and shared operational costs
Joint acquisition and distribution of the Brazilian craft beer brand Therezópolis to expand the multi-category beverage portfolio in Brazil.
Terms: Joint ownership and distribution rights