Century Pacific buys coconut facility for $45M

MANILA, Philippines — Canned food maker Century Pacific Food Inc. (CNPF) is acquiring a $45-million processing facility in South Cotabato. This is meant to expand CNPF’s rapidly growing coconut business. The Po family-led company on Thursday disclosed that it had signed a deal with Roxas Sigma Agriventures Inc. (RSAI). This is for Coco Harvest Inc.’s buyout of RSAI’s third coconut processing facility. “By expanding our capacity in coconuts, we not only enhance our competitiveness in the global coconut industry but also create meaningful economic opportunities for local communities in Mindanao,” said CNPF vice president Noel Tempongko Jr. READ: New hope […]... Keep on reading: Century Pacific buys coconut facility for $45M