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food brands in PH
By Jenniffer B. Austria | May. 28, 2015 at 11:20pm
Softdrink maker Pepsi Cola Products Philippines Inc. said Thursday it will manufacture
and distribute snack food brands for the local market.
PCPPI president Furqan Ahmed Syed said in an interview at the sidelines of the annual
stockholders meeting at Acacia Hotel in Alabang, Muntinlupa City the company would
start operation of its snack food business this year in line with its goal to become of a
premier food and beverage company.
Pepsi snacks.
PepsiCo Inc., one of the worlds largest food and beverage companies,
and Pepsi-Cola Products Philippines Inc., PepsiCos exclusive beverage bottling partner
in the Philippines, announced an agreement for PCPPI to manufacture one of
PepsiCos
world-famous snacks brands locally in the Philippines. Shown is PCPPI chairman
Oscar
Reyes (second from left) as he bares the expansion of product portfolio to include snack
foods during the annual stockholders meeting in Muntinlupa City. With Reyes are (from
left) PCPPI chief executive Yeon-Suk No, PCPPI president Furqan Ahmed Syed and
independent director Rafael Alunan III.
PCPPI will manufacture and distribute snacks and food brands of two of its biggest
shareholders--PepsiCo Inc. and Lotte Group of South Korea.
We feel this now an opportune time for us to enter the snack food category. With the
array of products that both our bigger shareholders which is PepsiCo and Lotte have
broad array of products within these categories, we are excited to be able to bring those
brands into the Philippines, Syed said.
You can see the portfolio of products that PepsiCo and Lotte have globally and we will
be picking and choosing portfolio and bringing products in appropriate and timely
manner to maximise shareholder value and make sure to gain more share that
category, Syed said.
Among Pepsicos famous snack brands include Cheetos, Lays Ruffles, Doritos, Tostitos
and Fritos.
Lotte also has snack food line under it confectionary business.
PCPPI is currently building a P650-million manufacturing plant in Cabuyao, Laguna for
its snack food venture. PCPPI is being co managed by PepsiCo and Lotte Chilsung.
This development presents an exciting opportunity for PCPPI to further its vision of
becoming a premier food and beverage company in the Philippines, Syed said.
Leveraging on PepsiCos established line of snacks is an exciting and strategic step in
our first foray into the foods business, he said.
The agreement between PepsiCo and PCPPI marked the creation of only the second
PepsiCo snacks franchise operation in the world, with the first commencing
manufacturing in Bangladesh earlier this year.
PCPPI said the creation of the joint snacks-and-beverage franchise operations in the
Philippines reflected PepsiCos ongoing drive to ensure the integration of its food and
beverage portfolio across multiple platforms, including manufacturing and go-to-market
execution.
PCPPI recently announced achieving a net income of P192 million in the first quarter of
the year, up by 41 percent from a year ago.
JED MADELA embraces his role as mentor to newbies. Photo by Alanah Torralba