Pepsi sets P3.5-B capex this year

Listed beverage maker Pepsi-Cola Products Philippines Inc. (PCPPI) has set a P3.5-billion capital expenditure this year after fully utilizing its more than P4-billion capital expenditure (capex) in 2013, basically for expansion.

Partho Chakrabarti, president of PCPPI, told reporters on Tuesday that the company may spend a little less than what it spent in 2013, albeit on the same level mainly just to grow the company’s capacity and distribution. According to him, the company targets to keep it yearly spending on the same P3-billion to P4-billion level.