Coca-Cola to Invest P3-B in PH

Coca-Cola Beverages Philippines, Inc. (CCBPI) announced a USD63 million (PHP3.06 billion) investment in the Philippines in 2021 for upgrades to its various factories in the country.

According to CCBPI president and chief executive officer Gareth McGeown, the funds will go to continued efforts to increase capacity.

“The USD63 million investment will primarily go to continuing to increase our capacity, specifically this time in Luzon. Last year, we invested heavily in Mindanao because we saw lots of growth potential in Mindanao. For 2021, we’re going to invest in more production capacity primarily in our Sta. Rosa, Laguna plant,” the president and chief executive officer said, via PNA.

McGeown added CCBPI is also committed to upgrading facilities and logistics to further increase production.

As CCBPI heavily invested in the Mindanao region last year, production capacity in the area increased by 30-percent, most coming from their Misamis Oriental and Zamboanga facilities, aside from the factory in Davao del Sur.

For Luzon, the beverage conglomerate opened new facilities in the Metro Manila area, with distribution hubs recently inaugurated in Manila and Malabon last month. This comes as the firm targets increased production capacity for Metro Manila, along with south Luzon.

Environment

CCBPI has also ramped up efforts to being a environment-friendly firm with the opening of PETValue Philippines, a polyethylene terephthalate (PET) bottle recycling facility venture with Indorama Ventures which is slated to operate in the fourth quarter of 2021.

The recycling facility will be able to process 45,000 metric tons of plastic bottles every year. (GFB)