PILLAR: Growing
AGENDA DATE: June 10, 2026
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Economic Development
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
Authorize a business personal property tax abatement agreement with Amarumayu, LLC and/or affiliates for a period of 10 years in an amount equal to the City's taxes assessed on 50 % of the increased taxable value of the business personal property resulting from the Project to be located on real property addressed as 9078 Van Horn Drive, Dallas, Texas 75241, in accordance with the City's Economic Development Incentive Policy - Estimated Revenue Foregone $1,380,448.00 over a ten-year period
*In alignment with Economic Development Incentive Policy.
Body
BACKGROUND
Amarumayu, LLC is the American subsidiary of Grupo Embotellador ATIC, S.A. (dba Aje Group), a major Peruvian multi-national beverage company with headquarters in Madrid, Spain and Lima, Peru. With more than thirty years of experience, Aje Group operates in more than 20 countries across North and South America, Asia, and Africa. Amarumayu, LLC and/ or affiliates ("Owner" of "Company") The Company has approximately 11,000 employees worldwide, and this Project would be the first significant investment in the United States.
For the past several months, the Office of Economic Development has been coordinating with representatives of the Company as the Company looks to expand operations into the U.S. market. The Company has explored potential sites in Fort Worth, Texas as well as Virginia.
With this project, the Company intends to establish a new beverage manufacturing facility to fulfill a private label contract for non-alcoholic beverages for one of the largest retailers in the United States ("Project"). The Company has short-listed a Project site in the city of Dallas at 9078 Van Horn Drive ("Project Site"). The Project Site contains a distribution warehouse (approximately 3...
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