Byline: Kristine Jane R. Liu
Listed Pepsi-Cola Products Philippines, Inc. is setting aside P350 million to expand the operation of one of its plants in Mindanao.
The beverage company told the Philippine Stock Exchange yesterday its board had approved the plan to install an additional production line at its Cagayan de Oro plant and expand its manufacturing capacity.
Corporate communication manager Bobby Franco said in an interview that the new bottling line would produce seven million cases of carbonated soft drinks and noncarbonated soft drinks annually.
This, he said, was equivalent to an additional P1 billion in annual revenues. Construction, …