PURCHASE COMMITMENTS |
12 Months Ended | ||||||||||||||||||||||||||||||
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Dec. 31, 2024 | |||||||||||||||||||||||||||||||
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| PURCHASE COMMITMENTS | NOTE 20 – PURCHASE COMMITMENTS The Company has entered into various purchase commitments with domestic and foreign suppliers amounting to approximately $1,209,381 million (of which $231,313 million corresponds to Fixed Assets commitments) and $1,558,499 million (of which $369,590 million corresponds to Fixed Assets commitments) as of December 31, 2024 and 2023, respectively. These purchase commitments include those that contain “take or pay” clauses, which force the buyer to purchase a quantity of a product or service in a period, usually annually, or, alternatively, to pay that amount even if it has not been taken or accepted to receive it. The table below details commitments within one year and beyond one year:
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