Bottling company Coca-Cola Femsa plans to increase its investment in the Philippines operations to $1.7bn by infusing $500m by the end of 2015.
The company will use the funds to upgrade its existing facilities and to establish distribution centers in the country.
Femsa inaugurated its expanded plant in Canlubang, Laguna on Monday. Around $95m was spent on the expansion.
The company had so far invested around $1.2bn after establishing its offices in the country in 2013.
Operations in the Philippines began with the acquisition of 51% stake in Coca-Cola Bottlers Philippines in January 2013 for $688m. Later, $600m was spent on the expansion of production plants in Canlubang and Misamis Oriental.
The expansion of the Canlubang plant has increased its capacity to 265 million physical cases from 170 million annually.
The plant now has three new PET lines, which are said to the fastest bottling lines in the world.
As part of the expansion, the company has also equipped the plant with a bigger water treatment facility, nine additional trucking bays, expanded syrup room, and a new resin operation area.
Femsa currently has 2,000 employees in the country, and it expects to hire an additional 1,000 by the end of next year.
Image: Coca-Cola Femsa's Canlubang plant has a capacity to produce 265 million cases annually. Photo: courtesy of The Coca-Cola Company.
