PEPSI COLA Products Philippines Inc. (PCPPI) has opened a new line in Santo Tomas, Batangas that it expects to improve the overall polyethylene terephthalate (PET) bottle production by 30%.
Frederick D. Ong, PCPPI president and chief executive officer, said in a statement on Tuesday that the new line aims to address the increasing consumer demand for drinks amid the coronavirus disease 2019 (COVID-19) pandemic.
“PCPPI’s investment in this new line is a testament to our commitment to helping stimulate the economy by generating more jobs, especially in the Santo Tomas area. We believe that our country is on its way to recovery and, by investing and expanding our business, we can support the economic upswing,” Mr. Ong said.
According to the company, it now has four operational lines in its Southern Tagalog regional office.
“The new line, inaugurated last Jan. 7, adheres to sustainable business practices, as PET remains one of the highly-recyclable and sustainable plastic materials in the world,” the company said.
The new line comes after PCPPI announced that it had implemented the SAP Enterprise Management System as part of its plan to improve business operations and operational management.
With the move, the company now has an end-to-end single data platform to process data, which translates information to real-time analytics and insights.
In December, PPCPI received approval from the Philippine Stock Exchange to delist its shares. The company decided to delist voluntarily after its public ownership declined to 2.1%, far from the 10% minimum requirement. — Revin Mikhael D. Ochave
