PHILIPPINES September 2020
 
Century Pacific to expand OEM partnership with regional coconut producer
 
Major Philippines food conglomerate, Century Pacific Food Inc. (Century) has recently signed a long-term contract worth US$50 million as original equipment manufacturer (OEM) for the Linaco Group, a leading regional coconut producer based in Malaysia.
This partnership actually commenced in 2018, with Century signing on as OEM of Linaco's leading coconut milk brands. However recently, both companies agreed to increase volume commitments and expand the range of products that Century will produce to serve Linaco's growing requirements.
This multi-year contract, valued at more than US$50 million, strengthens Century's position as a leading and fast-growing player in the Philippines coconut industry. The company is currently augmenting its coconut manufacturing capacity, with an additional investment of Pesos 300 million (US$6.2 million), to address the growing demand for high-value coconut products internationally. This investment also hopes to address growing consumer concerns for product health and safety amidst the pandemic.
Christopher Po, Century's Executive Chairman said, “Our growing presence in the global coconut market, both as an OEM export manufacturer and domestic brand player is in line with our long-term vision of building a healthier and more diversified suite of shelf-stable food and beverage products.” Century will continue to focus on marketing and R&D efforts to develop new product lines.
Linaco Managing Director Joe Ling said the new contract will further strengthen its partnership with Century. Linaco's high-value coconut products are now available in 40 countries across Europe, Middle East, China, Hong Kong and Australia.
Century’s coconut products include desiccated coconut, virgin coconut oil, coconut milk and flour. It also recently launched its own brand Coco Mama Fresh Gata, a coconut milk product sold in a conveniently packaged format meant primarily for the Philippine domestic market. Century is also now one of the largest suppliers for Vita Coco, the world’s leading coconut water brand.
 
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