PCPPI ceases snacks production
In a disclosure to the Philippine Stock Exchange made on September 20, 2019, Pepsi-Cola Products Philippines, Inc. (PCPPI)’s Board of Directors, the local bottling giant majority-owned by LOTTE Corporation and PepsiCo, approved the closure of its snacks production line and to initiate negotiations for the discontinuation of the locally-made Cheetos with PepsiCo, to focus on and strengthen the Company’s core business lines.
PCPPI has decided to leverage on its core competency in the beverage space, which has been the bottling giant’s core business for 70 years.
Employees of PCPPI’s snacks plant in Cabuyao, Laguna will be transitioned into their new roles in PCPPI following management’s thrust of leading its employees well. This transition allows PCPPI to further optimize and strengthen the production and distribution of carbonated and non-carbonated beverages to millions of Filipinos nationwide.
PepsiCo will continue to import and sell Cheetos in the Philippines, along with its other brands of snacks: Lays, Doritos, Ruffles, Red Rock Deli, Fritos, Tostitos, Sunchips, Smartfood, Munchies, and Rold Gold. These brands will continue to be supplied and available in-store in the Philippines.