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PURCHASE COMMITMENTS
12 Months Ended
Dec. 31, 2024
PURCHASE COMMITMENTS  
PURCHASE COMMITMENTS

NOTE 20 – PURCHASE COMMITMENTS

The Company has entered into various purchase commitments with domestic and foreign suppliers amounting to approximately $991,572 million (of which $189,654 million corresponds to Fixed Assets commitments) and $1,277,815 million (of which $303,027 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:

As of December 31,

    

2024

    

2023

Committed within one year

    

414,586

    

647,407

Committed beyond one year

 

576,986

 

630,408

 

991,572

 

1,277,815