PHILIPPINES: The Coca-Cola Co shifts concentrate duties to Singapore
Coca-Cola is to take concentrate production to Singapore
The Coca-Cola Co is to move concentrate production for the Philippines to Singapore after announcing the closure of its Laguna plant with the loss of 57 jobs.
The company said yesterday (4 March) that the decision to shut the factory, about 40 miles south of Manila, will streamline operations and increase flexibility in its Asia supply chain. No timeline for the switch has been disclosed.
“The Coca-Cola Co continuously reviews its concentrate supply chain to drive greater efficiency and position itself to meet future growth in Asia,” Coca-Cola said. “As a result of that review, the company has decided to produce all concentrate and beverage base for the Philippines in Singapore, and to close the Philippines concentrate plant.”
Coca-Cola said it would help employees affected by the closure to find alternate employment, while reaffirming its commitment to invest US$1bn in the Philippines between 2010 and 2015.
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