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
