CNPF boosts coconut processing capacity with P2.6-B Mindanao facility acquisition

LISTED food and beverage manufacturer Century Pacific Food, Inc. (CNPF) is expanding its coconut processing capacity with a $45-million (around P2.6 billion) investment to acquire and upgrade a fully integrated facility in Tupi, South Cotabato, from Roxas Sigma Agriventures, Inc. (RSAI) through its subsidiary Coco Harvest, Inc. (CHI).

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In a statement on Thursday, the company said the transaction marks its third coconut processing facility in the Philippines, following its existing plants in General Santos and Misamis Occidental, the latter acquired in 2024.

It said the investment will be funded through internally generated cash flows.

The plant produces high-value coconut products such as coconut cream, coconut milk, virgin coconut oil, and coconut water concentrate.

Planned upgrades, the company said, will expand its capabilities to serve both domestic and export markets, add new product lines, and improve overall efficiency.