Coca-Cola Femsa to invest P200 million on Ph operations, to open more opportunities for Filipinos
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COCA-COLA Femsa is still committed to investing P200 million ($900 billion) in its Philippine operations from 2015 to 2020. This is said to pave way for the opening of new bottling lines in the country, following the growing demand of the Filipinos for its products.
In an article published in Business Mirror, Trade Secretary Ramon Lopez told reporters that the investment will be geared to funding lines and various distribution points in the country. This improvement is expected to create more employment and micro-business opportunities for the Filipinos.
With the additional infrastructure, the production capacity is expected to increase by 20%. A part of the investment will also go to the improvement of production and sales.
With the company being known today as the biggest industry shareholder producing sparkling drinks, they are also positive that the sales would increase because of the warm climate in the country. Coca-Cola Femsa operates 19 plants in the country, offering a huge selection of beverages – from soft drinks to energy drinks – to the Filipinos.
Source: Business Mirror, Manila Standard
