Comercial Mexicana to invest US$130mn during 2003.

MEXICO CITY, Jan 21, 2003 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- With an investment of US$40 million Controladora Comercial Mexicana (CCM) will open its new distribution center in July to improve the supply of goods to its network of stores in Mexico, reported Francisco Martinez de la Vega, CCM director of Administration and Finances.The executive also reported that the firm's investment plan for 2003 could total more than US$130 million, which would be spent on financing the construction of six Cotsco and Mega Comercial Mexicana stores. Martinez said that the company wants to improve the supply of goods to provincial stores, reduce sales costs and improve small inventories.The new facility will only be used to store dry products such as groceries, clothes and general goods. Fruits, vegetables and meat will be distributed through other storage areas dedicated to those goods.Martinez de la Vega said that with the new distribution enter, CCM will be able to supply up to 65% of its sales from its centralized storage areas, while the remaining 45% would be supplied by direct deliveries from suppliers to stores.The new facility will have a surface area of 50,000 m[superscript two], which should be more than enough to outlast the company's growth in demand for 3 or 4 more years, added the executive.

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