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Bilyonaryo - Business

Crisis mode: Coca-Cola PH halts operations of Naga, Davao plants amid sugar shortage

  • August 23, 2022
  • Bilyonaryo.com

Coca-Cola Philippines has stopped the operations of its bottling plants in Naga and Davao due to the shortage of refined sugar.

On Monday (August 22), managers at the two plants posted signages by the factory gates which read: “This Coca-Cola plant has suspended operations due to the lack of supply of bottler’s grade sugar, as a result of the ongoing sugar crisis.”

Coca-Cola Philippines earlier said there is a shortage of at least 450,000 metric tons of premium refined bottler grade sugar for the beverage industry to meet demand until the end of the year.

President Ferdinand Marcos Jr. earlier announced the importation of 150,000 MT of sugar to augment local supply, but stressed that it will be done in October when the harvest season is ongoing.

The sugar crisis has led to a spike in the prices of refined sugar, with a kilo costing P100. The administration, however, has reached an agreement with the owners of Robinsons Supermarket, SM Supermarket, Puregold Supermarket, and S&R Membership Shopping to sell refined sugar at P70 per kilo.

  • Related News Tags: Coca-Cola, Coca-Cola Philippines, sugar, Sugar shortage
PrevPreviousPH air travel slowly returning to pre-COVID
NextAll eyes on ERC as Ramon Ang seeks fair assessment of SMC-Meralco’s rate hike requestsNext

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Roxas Holdings expects to bounce back after higher Q1 loss

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Iniwan sa ere! Not-so-lucky Flex Fuel investors demand millions back from Luis Manzano

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Back in the saddle? Fernando Zobel accepts more responsibility as Pilipinas Shell director months after quitting Ayala group for health reasons

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Piso-piso lang yan! BSP warns vs fake P150 bill featuring Jose Rizal

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Santi Elizalde: AHG’s budget hotel operations set to return to pre-COVID figures by end-2023

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Usapang Bilyonaryo by Ces Drilon

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“Usapang Bilyonaryo” is a digital-first, hybrid magazine show hosted and produced by veteran broadcast journalist Ces Oreña-Drilon in cooperation with the Bilyonaryo.com team. The 30-minute TV cut airs on CNN Philippines at 8 PM every Monday, starting January 16. The full version or producer’s cut of each episode, as well as interview splices, will be posted on Bilyonaryo.com’s Youtube and Facebook accounts.

 

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