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Century Pacific Food

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Century Pacific Food, Inc.
Century Pacific Food
Company typePublic (since May 6, 2014)
PSE: CNPF
IndustryFood processing
Predecessors
  • Century Canning Corporation (1978–2013)
  • Columbus Seafoods Corporation (1994–2013)
  • The Pacific Meat Company, Inc. (1995–2013)
FoundedOctober 25, 2013; 11 years ago (2013-10-25)
FounderRicardo S. Po, Sr.
Headquarters7/F Centerpoint Building, Julia Vargas Avenue, corner Garnet Road, Ortigas Center,
Pasig, Metro Manila
,
Philippines
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
RevenueIncrease ₱62.2 billion (2023)
Increase ₱1.5 billion (2023)
Increase ₱3.2 billion (2023)
Total assetsIncrease ₱3.5 billion (2023)
Total equityIncrease ₱28.20 billion (2023)
Number of employees
1,000 (2023)
ParentCentury Pacific Group, Inc.
DivisionsRSPo Foundation, Inc.
Subsidiaries
  • General Tuna Corporation
  • Snow Mountain Dairy Corporation
Websitewww.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.

History

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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

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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

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  • 555
  • Angel
  • Argentina
  • Birch Tree
  • Blue Bay
  • Century Quality
  • Century Tuna
  • Choco Hero
  • Coco Mama
  • Fresca
  • Goodest[6]
  • Home Pride
  • Hunt's (under license from Conagra Brands)[7][8]
  • Kaffe de Oro
  • Ligo[9]
  • Lucky 7
  • Proteus
  • Shanghai
  • Swift
  • unCheese
  • unMeat
  • Vita Coco (distribution)
  • Wow

Subsidiaries

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  • General Tuna Corporation
  • Snow Mountain Dairy Corporation
  • Allforward Warehousing, Inc.
  • Century Pacific Agricultural Ventures, Inc.
  • Century Pacific Seacrest, Inc.
  • Century Pacific Food Packaging Ventures, Inc.
  • Centennial Global Corporation
  • Cindena Resources Limited
  • Century (Shanghai) Trading Company Limited
  • Century International (China) Company Limited
  • Century Pacific North America Enterprises, Inc.
Argentina Products about to be cooked in the Philippines

Awards and recognition

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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]

References

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  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. ^ Llemit, Kathleen (April 28, 2024). "Beauty queens, popular surnames make Century Tuna Superbods 2024 cut". The Philippine Star. Retrieved April 29, 2024.
  6. ^ "CNPF Ventures Into Pet Food With New Brand 'Goodest'". Century Pacific Food, Inc. October 20, 2021. Retrieved April 29, 2024.
  7. ^ "CNPF buys Hunt's brand in PH". Philippine Daily Inquirer. May 2, 2017. Retrieved December 14, 2018.
  8. ^ "Hunt's to join Century Tuna, Argentina brand stable in PH". ABS-CBN News. May 2, 2017. Retrieved December 14, 2018.
  9. ^ Fenol, Jessica (December 24, 2021). "Century Tuna maker to buy 'Ligo' canned sardines brand". ABS-CBN News. Retrieved December 24, 2021.
  10. ^ "Century named IPO of the year". Manila Standard Business. Manila Standard. December 1, 2014.
  11. ^ "Best Managed Company Awards 2016: Asia's finest stand out". Global Capital Asia. December 15, 2016.
  12. ^ "Century Pacific wins awards from FinanceAsia". Manila Standard Business. Manila Standard. April 20, 2018.
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