Coca-Cola pouring in additional $1.2 B in Philippines
Atlanta-based The Coca-Cola Co. is pouring in billions of dollars anew to the Philippines to continue bolstering its operations in one of its largest markets in the world.
In an interview, Coca-Cola group president for Asia Pacific Atul Singh told The STAR the beverage company, together with its bottling partner for the Philippines Fomento Economico Mexicano S.A.B. de C.V. (Femsa), is investing $1.2 billion up to 2020 to expand its facilities and beef up distribution and operations in the country.
“The money would be invested in more manufacturing lines, in trucks, in equipment, in distribution infrastructure, in marketing, in developing people, and training. So it’s a broad spectrum of investments across the board,” Singh said. Details