Local Coca-Cola pushes expansion amid pandemic
Coca-Cola, the country’s largest beverage manufacturer in the country, has not been spared from business slowdown due to the pandemic, but announced the construction of three manufacturing facilities in Mindanao as part of its $95 million investments this year on top of the P1 billion state of the art pet manufacturing facility, stressing they believe in the growth opportunities in the Philippines where they have operated for the past 108 years.
McGeown said that the extra production capacities in these areas are purely based on the demand. “I think it’s a potential growth market for us the three locations in Mindanao,” he said. Construction of the facility has encountered some delays though because some technical people have difficulty flying in during the harsh lockdown, but the company committed to finish the project, which is expected to be running around this time of year next year.
Now, he said, consumption at home is now at 75 percent to 90 percent. The natural consumption pattern of a consumer just in general was about two liters per day.
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