Indonesia’s PT Mayora Indah Tbk (Mayora), the company behind the 3-in-1 instant coffee brand Kopiko, has announced an investment of over USD 80 million for setting up a coffee Manufacturing and processing facility in the Philippines. The coffee Manufacturing and processing facility will cater to the growing demand of coffee of both domestic and overseas markets.
Mayora produces biscuits, candyis, wafers, chocolates, coffee, instant food, beverage and cereal and Kopiko, Danisa, Roma, Energen, Torabika, and Beng Beng are among its well-known brands.
Mayora has entered into a memorandum of understanding (MOU) with Lima Land, Inc. (LLI) to lease a property within LLI’s Special Economic Zone in Malvar, Batangas. The facility is expected to generate 200 jobs during initial operation and will grow to 3,000 in the next five years. At present, Mayora already employs 4,500 across its Philippines-based businesses.
The strong consumer base of Kopiko in the Philippines and the growing business of Mayora in the ASEAN region are the major drivers of its decision to put up a facility in the Philippines. The company will also be sourcing desiccated coconut and coconut oil from local producers in the Philippines. For a start, an MOU for the purchase of 1,000 metric tons of desiccated coconut from Philippines’ Franklin Baker was also signed.
(Source: Philippine Star, Manila Bulletin)
