MANILA, Philippines Coca-Cola Beverages Philippines Inc. (CCBPI) is investing at least $63 million to expand its production capacity mainly in Luzon this year. CCBPI president and chief executive officer Gareth McGeown said in an online briefing yesterday the firm has set aside an initial $63 million investment for this year to increase capacity, particularly in Luzon after focusing in Mindanao last year. “For 2021, we are going to invest in.
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By TED CORDERO, GMA News
Published January 14, 2021 6:24pm PETValue Philippines, a joint venture of Coca-Cola Beverages Philippines and Thailand’s Indorama Ventures, has secured a “pioneer status” from the Board of Investments (BOI) which makes it entitled to fiscal incentives. In a statement on Thursday, Coca-Cola Beverages Philippines said PetValue, a P2.28-billion multi-phased project, will establish the “most advanced” and “world-class” technologies in the Philippines to produce more sustainable packaging innovations and to help improve the collection and recycling rates of polyethylene terephthalate (PET) plastic bottles. “We are grateful for the Board of Investments’ recognition of PETValue’s innovations, as well as the agency’s guidance and support, which we are certain will prove invaluable to our collective pursuit of sustainability in the Philippines,” said Gareth McGeown, CEO and president of Coca-Cola Beverages Philippines.
P2 3-B recycling facility in Cavite gets BOI perks inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.