Coca-Cola Femsa, the Mexican franchise bottler of Coca-Cola products that acquired 51% interest in Coca-Cola Bottlers Philippines, is planning to invest around PHP1.2bn ($27.5m) in a move to boost production in the Philippines.
Meanwhile, Coca-Cola Femsa Philippines has acquired a non-alcoholic beverage facility, warehouse and real estate property in Darong, Sta. Cruz, Davao del Sur from San Miguel, a beverage processing firm.
The Davao plant, along with existing manufacturing plants in Mindanao, is expected to boost the sales and distribution network in the region.
Coca-Cola Femsa Philippines corporate affairs director Juan Dominguez said that the acquisition will provide the company with the flexibility to expand its operations as demand increases.
Coca-Cola Femsa Philippines chief executive Juan Ramón Felix said, "We remain very optimistic about the opportunities that the Mindanao region has to offer. With this acquisition, we confirm our confidence in the economic growth of the Philippines."
Coca Cola Femsa produces, markets, and distributes Coca-Cola trademark beverages. It offers colas under the Coca-Cola, Coca-Cola Light, and Coca-Cola Zero brands; and flavored sparkling beverages under Ameyal, Canada Dry, Chinotto, Crush, Escuis, Fanta, Fresca, Frescolita, Hit, Kist, Kuat, Lift, Mundet, Quatro, Schweppes, Simba, Sprite, Victoria, and Yoli brands.
