URC sets P9-B capex for 2015

Snacks and beverage company Universal Robina Corp. (URC) will invest the bulk of its P9-billion capital expenditure (capex) allocation for 2015 in its core business, planning to expand its capacity by installing new product lines in its home country, the Philippines, as well as in Vietnam, Thailand, and Indonesia.

In its annual report, the Gokongwei-led C2 and Jack N’ Jill maker said P6.5 billion of its P9 billion capital spending this year will be for the installation of new lines in its snack and beverages segments in those countries.