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Investment in Philippines

This article was originally published in Foodnews

COCA-Cola is to expand its operations in the Philippines, according to the country's president. Gloria Macapagal Arroyo told attendees at an event in Newark, the US, that she had met with executives from the beverage giant to discuss its US$100 million plant in the south-east Asian nation. "Today they announced that their total investment is going to be US$1.0 billion," the president said. In 2009 and 2010, Coca-Cola Philippines will distribute NutriJuice to some 30 000 schoolchildren for 120 feeding days in a number of provinces in the country as part of its corporate social responsibility programme.

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