With its "phenomenally strong" sales performance in the Philippine market, multinational beverage and food group PepsiCo Inc expects its local unit to infuse more investments in manufacturing and logistics and hit the $1BN revenue mark in the next two to three years. In a recent interview with Inquirer, Dubai-based Pepsico senior VP and CFO Stefano Sartoretti said the Pepsico Group, through local unit Pepsi-Cola Products Philippines Inc (PCPPI), was keen on expanding its capacity in the Philippines. For Pepsico, the Philippines is becoming more competitive as a manufacturing hub, being "one of the most successful countries" for Pepsico, growing twice faster than the 8-12% growth in other areas. To sustain future growth, Mr Sartoretti said PCPPI would spend about $75-100M annually in expanding capacity.
