Cabuyao, Laguna ,Philippines – Consumer products manufacturing giant Procter & Gamble inaugurated yesterday its P2.5-billion manufacturing facility which is expected to triple its diaper production thereby cementing their position as the number one in baby care products.
At the same time, P&G said they will have a double digit growth this year after posting their highest sales in their 75 years existence in the Philippines last year.
P&G Philippines president and general manager Siddik Tetik said growth for this year, although still double digit, will be slower than a year ago. Tetik said the growth was felt in almost all categories.
Tetik said the expansion in their Laguna plant will enable the Philippines to export 40 percent of their 20 million pads annual production in two years time. He noted that in the long term, their plan is to triple their existing capacity of 10 million pads per year.
He said that the investment is vital given that the Philippine population went up by two percent year- on-year.
Tetik said they are using a combination of local and imported raw materials in their production. He said in seven to 10 years time, they will be able to regain their investment already.
“The Philippines has been a key market for P&G globally. Through its 75 years in the country, P&G has continually invested in improving and upgrading its plant technology and facilities to provide Filipinos products with superior quality and value,” Tetik said. “The planned expansion of our Cabuyao plant facilities will allow us to bring life even more our mission of touching and Improving more Filipino lives more completely.”