Report: Century Pacific allotting P3-4B for capex

By Earl John Alfaro

Feb 24, 2025 12:12 am

LISTED food and beverage manufacturer Century Pacific Food Inc. (CNPF) is allocating P3 billion to P4 billion in capital expenditures (capex) this year to boost its production capabilities, an analyst said.

Luna Securities Inc. strategist Annika Angeles, in a report last week, said that CNPF's 'planned P3-4 billion capex investment will fund the acquisition of a coconut plant to meet growing demand for coconut products, regular line expansions to support rising sales, and increased capacity in meat and tuna operations.'

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

BDO Jan-March net grows 6% to P19.7B

Lower passenger yields weigh on PAL earnings

Higher operating costs reduce Philex Q1 core income to P71M

AC Health eyes continued growth

Impact of Trump tariffs 'too early to tell' – ICTSI

PXP Energy net loss widens to P9.2M in Q1

Ayala Land planning to raise P55B this year