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Pepsi plans to invest $100m in Philippines

DBR Staff Writer Published 03 June 2013

Pepsi-Cola Products Philippines (PCPPI) is in plans to invest $100m in its operations including expansion of distribution network and increasing manufacturing capacity in the country.

Of the total investment, $50m will be used for expansion of distribution network and the remaining for the expansion of manufacturing operations.

The company intends to add four new manufacturing lines in different plants in the country and offer 1,000 new jobs.

Recently the company has initiated the construction of its 12th manufacturing facility in Santo Tomas, Batangas, which is slated to open later in 2013.

PCPPI president Partho Chakrabati was quoted by the Inquirer Business as saying that the company intends to expand its distribution to inner cities.

"There are over a million sari-sari stores in the country today, and we are just in half of them. Our objective is to get to as much of them as possible," Chakrabati added.

The cola giant plans to expand its reach to Malaysia and other neighboring countries through exports, reported Business World Online.