Industry needs 450,000 MT of premium refined sugar: Coke

Top soft drink maker Coca-Cola Beverages Philippines Inc. said Saturday the bottling industry would need 450,000 metric tons of premium refined sugar, on the heels of the government’s plan to import 150,000 metric tons of sugar to plug a shortfall in local supply.

“We have shared with the President that the industry needs at least 450,000 metric tons of premium refined bottler grade sugar to utilize 100% of its manufacturing capacity for the balance of the year and serve the orders of customers who are depending on our products for their sales and income,” it said.

Coca-Cola Philippines, along with Pepsi-Cola Products Philippines Inc. and ARC Refreshments Corp., earlier said that the bottling industry is facing a shortage of premium refined sugar—a key ingredient in making their products. It said this is based on a projected demand of 2.3 million metric tons for 2022 for the entire country, it said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coca-Cola says F&B industry needs 450,000 MT of premium refined sugar - BusinessWorld OnlineCOCA-COLA Beverages Philippines, Inc. (CCBPI) said that the local food and beverage (F&B) industry requires at least 450,000 metric tons (MT) of premium refined sugar in order to serve the orders of customers amid tight supply and high prices. READ
Source: bworldph - 🏆 9. / 68 Read more »

CCBPI: Industry needs 450K MT of premium refined sugar - BusinessMirrorCoca-Cola Beverages Philippines Inc. (CCBPI), one of the country’s major bottling companies, said the industry needs 450,000 metric tons (MT) of premium refined bottler grade sugar to enable their factories to run at full capacity until the end of the year. CCBPI noted that there is approximately a 400,000-MT gap on top of a starting
Source: BusinessMirror - 🏆 19. / 59 Read more »