Pepsi secures P1-B loan from Metrobank

MANILA, Philippines - Pepsi-Cola Products Philippines is borrowing P1-billion from Metrobank to fund its expansion plans this year.

In a disclosure, Pepsi chief financial officer Imran Moid says the loan will increase its manufacturing capacity to support its growth momentum.

Pepsi plans to increase its capital expenditure by 15% this year.

The company recently announced its entry into the powdered juice drinks category via its flagship brand Mirinda. - ANC Business Nightly

source: abs-cbnnews.com

Pepsi to launch its first powdered juice drink in PH

MANILA, Philippines - Pepsi-Cola Products Philippines, Inc. on Wednesday announced its entry into the powdered juice drinks category.

The local unit of global soft drinks giant Pepsi Co. said in a statement it will start selling Mirinda Powder Fun Mix, an orange-flavored juice powder.

"We are excited at the opportunity to provide variety to our consumers," Partho Chakrabarti, president at PCPPI, said in the statement.

"Though this is our first foray into the powdered juice drinks category, we are confident that Mirinda Powder Fun Mix will be well-received, similar to our product innovations in the past," Chakrabarti continued.

PCPPI manufactures and sells Pepsi-Cola, Mountain Dew, 7-Up, Mirinda, Mug, Gatorade, Tropina, Lipton, Sting, and Premier in the domestic market.

source: abs-cbnnews.com