Food and Staples Retailing
Company Overview of Coca-Cola Femsa Philippines, Inc.
Coca-Cola Femsa Philippines, Inc. offers distribution and bottling services for soft drinks. It distributes soft drinks, bottled water, and juices, with outstanding brands, such as: Coca-Cola, Coca-Cola Light, Coca-Cola Zero, Lift, Powerade, Real Leaf, Royal Tru, Samurai, Sprite, and the bottled water brands Viva and Wilkins. The company was formerly known as Coca-Cola Bottlers Philippines, Inc. and changed its name to Coca-Cola Femsa Philippines, Inc. in January 2013. The company was founded in 1981 and is based in Taguig City, the Philippines. As of January 24, 2013, Coca-Cola Femsa Philippines, Inc. operates as a subsidiary of Coca-Cola FEMSA S.A.B de C.V.
Net Lima Building
5th Avenue corner 26th street
Bonifacio Global City
Taguig City, 1200
Founded in 1981
Key Executives for Coca-Cola Femsa Philippines, Inc.
Chief Executive Officer and President
Compensation as of Fiscal Year 2015.
Coca-Cola Femsa Philippines, Inc. Key Developments
COCA-COLA FEMSA Philippines to Invest $800 Million in the Local Business
Feb 3 16
COCA-COLA FEMSA Philippines, Inc. has committed to invest $800 million in the local business from this year until 2020 as it expects sales to expand along with the country's growing middle class. This year, Coca-Cola FEMSA will invest up to $170 million in the Philippines, adding that the capital outlay will include the acquisition of two production lines in areas where the company expects to see growth. The investment is expected to increase capacity by 20%.
Coca-Cola Femsa Philippines Seeks To Invest $800 Million
Feb 2 16
Coca-Cola Femsa Philippines, Inc. is investing up to $800 million between now and 2020 for the continued upgrade of its facilities and distribution centers in the country. According to Coca-Cola Femsa Chief Executive Officer Fabricio Ponce, the fresh capital outlay was meant to cater to the growing demand for its beverage products in the Philippines, its biggest expanding market in the region. "For 2016, our investment will mainly be in the expansion of our production and distribution capability and our market assets, together with a significant support to the welfare and development of our associates across the country," Ponce said.
Coca-Cola Femsa Philippines, Inc. Resolves Labor Dispute in Tacloban
May 29 15
Labor and Employment Secretary Rosalinda Dimapilis-Baldoz lauded the National Conciliation and Mediation Board (NCMB) and its regional branch in Region 8 (RCMB-VIII) for its fast settlement of a preventive mediation case between the Coca-Cola FEMSA Philippines, Inc. and its Tacloban Coca-Cola Plant Labor Union. The union and the management have settled the dispute, thus preserving the harmonious relationship between its 116 workers and the management. The RCMB-VIII, as facilitator, has successfully conciliated-mediated the dispute. For the alleged violation of CBA terms, the union acknowledged receipt of the PHP 100,000 goodwill bonus from the management. The signing of the new CBA will be set soon after the management review. As to the non-remittance of SSS and PAG-IBIG and loan repayments, the union agreed to coordinate with the concerned agencies as to the payment of their claims.
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