Century Pacific Food Explained

Century Pacific Food, Inc.
Trade Name:Century Pacific Food
Type:Public
Industry:Food processing
Successors:-->
Founder:Ricardo S. Po, Sr.
Hq Location:7/F Centerpoint Building, Julia Vargas Avenue, corner Garnet Road, Ortigas Center
Hq Location City:Pasig, Metro Manila
Hq Location Country:Philippines
Area Served:Worldwide
Revenue: 62.2 billion
Revenue Year:2023
Operating Income: ₱1.5 billion
Income Year:2023
Net Income: ₱3.2 billion
Net Income Year:2023
Assets: ₱3.5 billion
Assets Year:2023
Equity: ₱28.20 billion
Equity Year:2023
Owners:-->
Num Employees:1,000
Num Employees Year:2023
Parent:Century Pacific Group, Inc.
Divisions:RSPo Foundation, Inc.
Subsid:
  • General Tuna Corporation
  • Snow Mountain Dairy Corporation

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.

History

On October 25, 2013, Century Pacific Food, Inc. was incorporated as a subsidiary of Century Pacific Group, Inc. (formerly the company's predecessor 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]

Century Tuna Superbods

On April 27, 2024, CNPF, led by Gregory H. Banzon and Kylie Verzosa, presented the 18 men and 18 women Century Superbods 2024 finalists from the biennial auditions focusing on "Best You Ever" campaign in Market! Market!. Robi Domingo announced revealed that the 36 will join the to the July Finals including wildcards Inka Magnaye and Imelda Schweighart, Justine Felizarta and Clare Dacanay, among others.[5]

Brands

Subsidiaries

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.[10] 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.[11] [12]

Notes and References

  1. Web site: GIC invests PHP 3.4 billion into Century Canning Corporation, parent company of Century Pacific Food, Inc. . GIC . GIC Private Limited . 2 May 2014.
  2. Web site: Century Pacific IPO named Deal of the Year. The Philippine Star. December 6, 2014. February 19, 2021.
  3. News: Barkada . Mercado. Century Pacific expands and extends coco product supply agreement with Vita Coco. March 12, 2024 . March 12, 2024.
  4. News: Salting. Ed. Century Pacific inks deal with Vita Coco. March 12, 2024 . . March 12, 2024.
  5. News: Llemit . Kathleen . Beauty queens, popular surnames make Century Tuna Superbods 2024 cut. April 29, 2024 . The Philippine Star. April 28, 2024.
  6. Web site: CNPF Ventures Into Pet Food With New Brand ‘Goodest’ . Century Pacific Food, Inc. . October 20, 2021 . April 29, 2024.
  7. News: CNPF buys Hunt's brand in PH . Philippine Daily Inquirer . May 2, 2017 . December 14, 2018.
  8. Web site: Hunt's to join Century Tuna, Argentina brand stable in PH . ABS-CBN News . May 2, 2017 . December 14, 2018.
  9. Web site: Century Tuna maker to buy 'Ligo' canned sardines brand . ABS-CBN News . December 24, 2021 . Jessica . Fenol . December 24, 2021.
  10. News: December 1, 2014. Century named IPO of the year. Manila Standard. Manila Standard Business.
  11. News: December 15, 2016. Best Managed Company Awards 2016: Asia's finest stand out. Global Capital Asia.
  12. News: April 20, 2018. Century Pacific wins awards from FinanceAsia. Manila Standard. Manila Standard Business.