CNPF to invest $40M for new supply contract

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Century Pacific Food Inc. (CNPF) signed a new long-term contract for the supply of coconut to The Vita Coco Company Inc.

CNPF said this  will entail new capacity and an investment of $40 million.

CNPF’s additional capacity is expected to create at least 1,500 quality manufacturing jobs.

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The new contract requires Century Pacific to deliver to Vita Coco approximately 90 million liters of coconut water over the next five years and is on top of the agreement signed in 2020.

“The expansion of the multi-year agreement with Vita Coco conveys our mutual trust and respect for each other as business partners, a relationship built through consistency, collaboration, and excellence,” said Noel Tempongko, Jr., CNPF vice president for coconut OEM business.

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