* Pepsi-Cola Products Philippines, Inc. (PCPPI) () is a Philippines-based company engaged in the bottling and distribution of

PepsiCo PepsiCo, Inc. is an American multinational food, snack, and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manuf ...

beverages and snack foods in the Philippines since 1989.

History

Pepsi-Cola Products Philippines, Inc. (PCPPI) was established in 1989 as Premier Beverages by Luis Lorenzo, Sr. to acquire the bottling and distribution rights to

beverages in the Philippines. In 1997, the

Guoco Group Guoco Group Limited (, ) is an investment holding company. The principal activities of its subsidiaries and associated companies include investment and treasury management, property development and investment, stock and commodity broking, insurance ...

acquired Lorenzo’s holdings in PCPPI. Under Guoco management, was spent in 1998 to upgrade the facilities of PCPPI. In 2000, PepsiCo paid P 2 billion to the Guoco Group to acquire a 33% stake in PCPPI. News reports cited the rationale was to ensure PepsiCo had a continuing market for its concentrates, even if it meant infusing money into its licensed bottlers. PCPPI became listed in the Philippine Stock Exchange in 2008. In September 2010, Korean-based Lotte Chilsung Beverage Company Ltd. acquired 34% of PCPPI. The acquisition made Lotte Chilsung the largest shareholder in PCPPI. Lotte Chilsung agreed to pay P4.447 billion to buy the 1.27 billion shares from the Guoco Group. In 2013, Lotte Chilsung increased its stake to 39%. As of March 2013, Netherlands-based Quaker Global Investments B.V. is the company’s second largest shareholder with 29.5%.

Pepsi-Cola in the Philippines

On October 16, 1946, John Clarkin acquired a franchise to bottle and distribute

Pepsi-Cola Pepsi is a carbonated soft drink manufactured by PepsiCo. Originally created and developed in 1893 by Caleb Bradham and introduced as Brad's Drink, it was renamed as Pepsi-Cola in 1898, and then shortened to Pepsi in 1961. History Pepsi was ...

in the Philippines, establishing Pepsi-Cola Bottling Company of the Philippine Islands Ltd. Clarkin was a former executive of the Pepsi-Cola Company who came to the Philippines as a member of the US Air Force during the close of World War II. In the beginning, the company imported Pepsi-Cola until 1947, when its first bottling plant was established in Quezon City. After Clarkin returned to the United States in 1957, PepsiCo International took over the Philippine operations. In 1983, the Philippine operations became a branch of PepsiCo’s New York office - renamed PepsiCo, Inc. (Philippine branch) - and operated until 1985. From 1985 to 1989, Pepsi-Cola Distributors of the Philippines, Inc., a group identified with Filipino businessmen Ernest Escaler and

Eduardo Cojuangco, Jr. Eduardo "Danding" Murphy Cojuangco Jr. (June 10, 1935 – June 16, 2020) was a Filipino businessman and politician. He was the chairman and CEO of San Miguel Corporation, the largest food and beverage corporation in the Philippines and Sou ...

, took over the Philippine franchise.

Recent developments

In June 2013, PCPPI announced that the company would undertake the expansion of its production and distribution capabilities. PCPPI wanted to add three new lines in its existing manufacturing plants in Muntinlupa, Cebu City and Davao City within the year and open a new facility in Santo Tomas, Batangas by the following year. It also hoped to expand its current distribution network of 500,000 locations by about 12% within the year. About 70% of the company’s current sales come from carbonated drinks with the balance coming from non-carbonated drinks. In May 2015, PCPPI announced that it would begin the manufacture and distribution of Cheetos snacks in the Philippines by the end of the year. The company commenced production at its new facility in Cabuyao,

Laguna Laguna (Italian and Spanish for lagoon) may refer to: People * Abe Laguna (born 1992), American DJ known as Ookay * Andrés Laguna (1499–1559), Spanish physician, pharmacologist, and botanist * Ana Laguna (born 1955), Spanish-Swedish ballet d ...

on February 2016.http://news.abs-cbn.com/business/02/18/16/pepsi-to-manufacture-cheetos-lays-in-ph

Brands

Carbonated: * Pepsi * Pepsi Bold Taste * Pepsi Blue * 7 Up *

Mountain Dew Mountain Dew, stylized as Mtn Dew, is a carbonated soft drink brand produced and owned by PepsiCo. The original formula was invented in 1940 by Tennessee beverage bottlers Barney and Ally Hartman. A revised formula was created by Bill Brid ...

Ice *

Mirinda Mirinda is a brand of soft drink originally created in Spain in 1959 and now owned by PepsiCo with global distribution. Its name comes from the Esperanto translation of "admirable" or "amazing". It is available in many fruit varieties, like ora ...

* Mug * Lotte Milkis Non-carbonated: * Tropicana *

Lipton Lipton is a British brand of tea, owned by Ekaterra. Lipton was also a supermarket chain in the United Kingdom, later sold to Argyll Foods, after which the company sold only tea. The company is named after its founder, Sir Thomas Lipton, who fo ...

Gatorade Gatorade is an American brand of sports-themed beverage and food products, built around its signature line of sports drinks. Gatorade is currently manufactured by PepsiCo and is distributed in over 80 countries. The beverage was first develop ...

* G Active by Gatorade * Gatorade No Sugar * Sting Energy Drink * Aquafina Purified Drinking Water * Premier Drinking Water * Ovaltine (discontinued) Snack foods: * Cheetos * Doritos * Fritos * Lay's * Ruffles * Lay's Stax * Smartfoods * Tostitos Other: * Quaker Instant Oatmeal * Knick Knacks

Controversy

{{main, Pepsi Number Fever

References

External links

Pepsi-Cola Products Philippines, Inc.Lotte Chilsung Beverage Company Ltd.PepsiCo, Inc.
PepsiCo bottlers Drink companies of the Philippines Snack food manufacturers of the Philippines Companies of the Philippines Companies established in 1989 Companies based in Muntinlupa Companies listed on the Philippine Stock Exchange Philippine subsidiaries of foreign companies