P&G allots P2.5 billion for Cabuyao plant

MANILA, Philippines - Global consumer products giant Procter & Gamble (P&G) will invest P2.5 billion or $60 million for the expansion of its Cabuyao, Laguna plant, a top company official said.

On the sidelines of the company’s 75th anniversary celebration held at the Sofitel Hotel Tuesday night, P&G Philippines president and chief executive Robert McDonald said they had planned to increase the capacity of their Cabuyao plant.

The P&G official said they are still waiting for the approval of the Board of Investments (BOI) to avail tax perks for their project.

President Aquino, the event’s guest of honor, said he was looking forward to increased investments from P&G, pointing out that their investment is a concrete example that there is continued confidence in the Philippine economy from foreign investors.

Aquino, even noted that he has been a staunch user of Safeguard soap and Downy fabric softener.

P&G said the additional investment will go towards putting in more capacity-building facilities that will improve and upgrade the consumer products manufactured in the plant, which is already touted as among the biggest and most advanced manufacturing plants for P&G in Asia.

“We are committed to touch and improve Filipino lives, now and for generations to come. And we’re investing in our ability to do it. One way is through the expansion of our Cabuyao plant. This is about a P2.5 billion investment,” said McDonald.

 “We are also committed to continue to develop our Filipino talent. This is imperative to our ability to improve lives not only here in the Philippines but around the world. And we are continuing to invest in understanding Filipino consumers to develop insights that lead to big ideas, which become life-improving innovations.”

In line with its growing operations in the Philippines, P&G likewise announced its commitment to create at least 100 more jobs over the next 24 months.

The Philippines has been a key market for P&G globally and throughout its 75 years in the country. P&G has continually invested in improving and upgrading its plant technology and facilities to give Filipinos products with superior quality and value.