Pepsi to close Muntinlupa plant

The exclusive manufacturer of PepsiCo products in the Philippines is looking to post robust growth in revenues this year and next, even with its planned closure of its plant in Muntinlupa by the end of this year in line with its aim to improve operations and profitability.

- By LOUELLA DESIDERIO

Pepsi-Cola Products Philippines Inc. (PCPPI) president and CEO Phyo Phyu Noe said the company's revenue has been growing above the country's gross domestic product (GDP) growth in the January to October period and the aim is to continue to see this for the rest of this year and next.

"We have to do that. If we don't do that, then it will not be a turnaround. The market is already growing at above GDP, so we must grow above GDP. That's a necessity," he said.

PCPPI said it will halt operations at its facility in Tunasan, Muntinlupa City by the end of the year as part of the aim to improve business efficiency.