5 November 1998: Coca-Cola Amatil Ltd. said recently that its subsidiary Coca-Cola Bottlers Philippines Inc. (CCBPI) has officially opened its A$ 27 million plant at Bacolod City on the island of Negr…
5 November 1998: Coca-Cola Amatil Ltd. said recently that its subsidiary Coca-Cola Bottlers Philippines Inc. (CCBPI) has officially opened its A$ 27 million plant at Bacolod City on the island of Negros. C-C Amatil said the plant, with a capacity of 60,000 physical cases per day, would supply beverages throughout Negros, the fifth largest island in the Philippine archipelago. C-C Amatil“s managing director, David Kennedy, said in a statement that the plant, one of 21 across the country owned and operated by CCBPI, was evidence of the group“s commitment to invest for future growth. The company, which is 42.89% owned by The Coca-Cola Co. of Atlanta (US), purchased CCBPI from the beer giant, San Miguel Corp. of the Philippines, in a share swap deal in 1997. The unit“s contribution to profits has reportedly been hit by the depreciation of the Philippine peso.