Coca-Cola Co., the largest beverage company in the world, has announced its plan on investing about $1 billion in the Philippines to strengthen its nationwide operations.
"Our new commitment to invest $1 billion in our business over five years will strengthen production, distribution and help development of new products," Glenn Jordan, Coca-Cola Pacific Group president, said in a statement.
Part of the US trip of President Benigno Aquino is to encourage foreign investors to expand in the Philippines and Coca-Cola is one of the companies that showed intention.
Coke is currently building a large bottling facility in Misamis oriental which is scheduled to begin operations next year.
Coca-Cola is the largest beverage company in the Philippines. They are operation 23 plants and 42 sales offices across the country. There are more than 7,800 employees in Coca Cola which is expected to double once the operations in new facility start.
Coca Cola said that the new investment will focus on marketing and system logistics and delivery capabilities in order to better serve its expanding customer base.
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