Century Pacific Food, Inc. (CNPF), a leading Philippine multinational food company, is investing P2.6 billion in a coconut processing venture in South Cotabato. The publicly-listed firm has acquired Roxas Sigma Agriventures, Inc. through its wholly-owned subsidiary Coco Harvest, Inc. Roxas Sigma, a joint venture between Roxas & Company, Inc. and Sigma Xynergies Corporation, operates a modern integrated coconut processing plant in a two-hectare facility in Tupi town. The acquisition adds to Century Pacific’s three coconut processing hubs in Mindanao, with existing facilities in General Santos City and Misamis Occidental. Approximately $45 million or P2.6 billion will be invested to acquire and upgrade Roxas Sigma’s facility, which produces high-value coconut products such as coconut cream, coconut milk, virgin coconut oil, and coconut water concentrate. Planned enhancements will expand its capabilities to serve both domestic and export markets, adding new product lines and improving efficiency. The investment will be funded via internally-generated cash flows. Noel Tempongko, Jr., vice president and general manager of CNPF’s OEM Coconut Exports, described the acquisition as a milestone and a commitment to inclusive growth, enhancing competitiveness in the global coconut industry and creating economic opportunities for local communities in Mindanao. South Cotabato Governor Reynaldo Tamayo Jr. welcomed CNPF’s investment, emphasizing its role in boosting the province’s agro-industrial edge and investor confidence. The venture is expected to support around 800 jobs. CNPF officials recently paid a courtesy call to the provincial government. CNPF produces popular food brands like Century Tuna, Blue Bay Tuna, 555 Sardines, Ligo Sardines, Argentina Corned Beef, and coconut-based products Coco Mama and Vita Coco.
