Century Pacific Food

Last updated

Century Pacific Food, Inc.
Company type Public
PSE:  CNPF
Industry Food processing
Predecessors
  • Century Canning Corporation (1978–2013)
  • The Pacific Meat Company, Inc. (1994–2013)
  • Columbus Seafoods Corporation (1994–2013)
FoundedOctober 25, 2013;10 years ago (2013-10-25)
FounderRicardo S. Po, Sr.
Headquarters7/F Centerpoint Building, Julia Vargas Avenue, corner Garnet Road, Ortigas Center, ,
Area served
Worldwide
Key people
  • Christopher T. Po (Executive Chairman)
  • Teodoro Alexander T. Po (Chairman, President & CEO)
  • Ricardo Gabriel T. Po (Vice Chairman)
  • Gregory H. Banzon (EVP & COO)
Products
RevenueIncrease2.svg 62.2 billion (2023)
Increase2.svg ₱1.5 billion (2023)
Increase2.svg ₱3.2 billion (2023)
Total assets Increase2.svg ₱3.5 billion (2023)
Total equity Increase2.svg ₱28.20 billion (2023)
Number of employees
1,000 (2023)
Parent Century Pacific Group, Inc.
Divisions RSPo Foundation, Inc.
Subsidiaries
  • General Tuna Corporation
  • Snow Mountain Dairy Corporation
Website www.centurypacific.com.ph

Century Pacific Food, Inc. (CNPF) is a Philippine multinational food processing company headquartered in Ortigas Center, Pasig. It is a wholly-owned subsidiary of Century Pacific Group, Inc.

Contents

History

On October 25, 2013, Century Pacific Food, Inc. was incorporated as a subsidiary of Century Pacific Group, Inc. (formerly Century Canning Corporation) to consolidate the food manufacturing portfolio of the Century Pacific Group. [1] It became listed on the Philippine Stock Exchange on May 6, 2014. [2] The parent company, Century Pacific Group, Inc., was established by Ricardo S. Po, Sr. (1931–2021) on December 12, 1978 as Century Canning Corporation, whose primary business was the distribution and sales of canned and processed fish products derived from tuna, sardines, and milkfish.

In 2024, Century Pacific Food entered into a multiyear coco product contract to supply Vita Coco with 90 million liters of coconut water until 2029. "The contract covers additional volume requirements by Vita Coco, which will entail new capacity requiring a capital expenditure investment of some $40 million creating 1,500 manufacturing jobs", CNPF Vice President Noel Tempongko Jr. said. The new contract is supplemental to the 2020 agreement. "Our mutual ambition to serve consumers better with healthier products has taken us to new heights in innovation and quality," Vita Coco CEO Jonathan Burth stressed. [3] [4]

Brands

Subsidiaries

Argentina Products about to be cooked in the Philippines Argentina Corned Beef.jpg
Argentina Products about to be cooked in the Philippines

Awards and recognition

Century Pacific Food, Inc. successfully completed its initial public offering in 2014, which was awarded as the Best Deal in the Philippines by Asset Publishing & Research Ltd. [8] The company was also recognized as Best Managed Small Cap Company in the Philippines in 2016 by Asia Money and Philippines’ Best Mid Cap Company in 2017-18 by Finance Asia. [9] [10]

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References

  1. "GIC invests PHP 3.4 billion into Century Canning Corporation, parent company of Century Pacific Food, Inc". GIC. GIC Private Limited. May 2, 2014.
  2. "Century Pacific IPO named Deal of the Year". The Philippine Star. December 6, 2014. Retrieved February 19, 2021.
  3. Barkada, Mercado (March 12, 2024). "Century Pacific expands and extends coco product supply agreement with Vita Coco" . Retrieved March 12, 2024.
  4. Salting, Ed (March 12, 2024). "Century Pacific inks deal with Vita Coco". The Manila Times . Retrieved March 12, 2024.
  5. "CNPF buys Hunt's brand in PH". Philippine Daily Inquirer. May 2, 2017. Retrieved December 14, 2018.
  6. "Hunt's to join Century Tuna, Argentina brand stable in PH". ABS-CBN News. May 2, 2017. Retrieved December 14, 2018.
  7. Fenol, Jessica (December 24, 2021). "Century Tuna maker to buy 'Ligo' canned sardines brand". ABS-CBN News. Retrieved December 24, 2021.
  8. "Century named IPO of the year". Manila Standard Business. Manila Standard . December 1, 2014.
  9. "Best Managed Company Awards 2016: Asia's finest stand out". Global Capital Asia . December 15, 2016.
  10. "Century Pacific wins awards from FinanceAsia". Manila Standard Business. Manila Standard . April 20, 2018.