Century Pacific Food Inc. (CNPF) is expanding its tolling coconut facility in Mindanao for P700 million, set to be completed by end-March.
The expansion will increase the facility’s capacity by 50 percent, adding new lines as the company closed the extension and expansion of long-term contracts with major partners, Linaco and Vita Coco last year.
“The Linaco Group is a leading regional coconut producer headquartered in Malaysia. It has an extensive range of high value products sold in major retail outlets domestically and internationally. Linaco has a vast global network with a footprint in over 40 countries, located across Europe, Middle East, China, Hong Kong and Australia,” Century Pacific said.
Vita Coco is the world’s leading coconut water brand, with CNPF as one of its largest and long-time manufacturers. The company has produced many of the brand’s coconut products, including packaged coconut water.
Noel Tempongko, Century Pacific vice president for coconut division, said, the demand for coconut products “has dramatically increased in recent years.”
“More and more consumers are now aware of and actively manage their health and wellness every day, and they turn to coconut products, which are intrinsically healthy, to support their lifestyles,” he said.
“This much needed expansion allows us to fully serve the needs of our key partners and consumers, both locally and globally. Investing in our facilities expansion is key to support our growth for both the branded and the OEM (original equipment manufacture) businesses in 2022 and years to come,” he added.
