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The Sugar Regulatory Administration (SRA) said CCBPI chief executive officer Gareth Mcgeown wrote Finance chief Carlos Dominguez, asking the government to "revisit and amend the excise taxes on sweetened beverages." "Coke sent a letter lobbying to lower excise tax on SSB to P6 or at parity with sugar," SRA board member for the planters sector Emilio Yulo told The STAR.
In a statement, the bottling company, said that both partners have initiated the process to merge the latter's operations into CCBPI, subject to the approval of relevant government entities.
'We are excited to be part of the annual Kadayawan Festival-not only through celebrating life, health, and prosperity, but also by enriching the festivities through our activities geared toward environmental conservation,' said CCBPI Corporate and Regulatory Affairs DirectorJuan Lorenzo Tanada.
The terms of the agreement allow Coca-Cola Femsa the option to take the remaining 49% in CCBPI within seven years from the closing of this deal, the buyer said.
In a statement, CCBPI said it has started the process of absorbing TRCI's operations into the company.
Sooner, CCBPI will also set up collection bins in People's Park, Rizal Park, Botanical Garden, and Sta.
'This partnership is a continuation of the long history of trust and appreciation that we have with Popeyes,' said Cherry Flores-Du, CCBPI National Key Accounts Director.
The transaction, reflecting an enterprise value of USD1.35bn for CCBPI, is seen to wrap up in early 2013.
Throughout the Coca-Cola system, thousands of CCBPI associates nationwide actively volunteer their time and resources to positively contribute to programs and projects on education, health, and livelihood, and environment conservation.
After the launch, McGeown told reporters that CCBPI was still in talks with local and international partners, the names of which he could not yet disclose.
(CCBPI) is investing P1 billion in a recycling facility to turn plastic bottles into new ones.
(CCBPI), the bottling arm of Coca-Cola in the country, announced today plans to help boost recycling in the country through an investment in a P1 billion pioneering food-grade recycling facility.
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