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Stock impact report

Coca-Cola Philippines takes landmark step of phasing out plastic sachets and straws [Yahoo! Finance]

Fomento Economico Mexicano S.A.B. de C.V. (FMX) 
Last fomento economico mexicano s.a.b. de c.v. earnings: 10/26 05:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.femsa.com
Company Research Source: Yahoo! Finance
In late September 2021, Coca-Cola Beverages Philippines, Inc. (CCBPI)—the local bottling unit of The Coca-Cola Company (TCCC) in the Philippines—pledged to stop production of plastic sachets at its plant located in the Cavite province in the Philippines from 2022. The beverage maker also committed to replace plastic straws with paper straws for its Nutriboost dairy line and Minute Maid juice range from 2022. These landmark moves have significant implications for the Philippines, which is battling the scourge of marine pollution. With this decision, CCBPI will wind up its long-standing business of producing plastic sachets for products such as its powdered concentrates brand, Eight O'Clock. Company officials claimed that the bold decision to phase out non-recyclable plastic sachets and plastic straws from its product portfolio was due to the challenges in recovering such disposed plastic waste. CCBPI's decision to ban plastic straws is indeed timely, given a mandate in 2021 by t Show less Read more
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