Century Pacific Food Adds Vegan Range to its Offerings

Century Pacific Food launches ‘unMEAT,’ a vegan-friendly range of products available as patties, sausages, nuggets, or giniling (ground beef).

“It checks all the boxes: we want to be healthier, more sustainable, and more affordable,” says Christopher Po, Century Pacific’s executive chair.

The company sustained a 19% revenue growth to $900m despite the country’s economy shrinking 9.5% through the 2020 lockdowns. Their shares first went public in 2014 and have met Po’s promise of growth at 10-15% a year since.

Its Century and Argentina brands currently lead the local market share for tuna and corned beef (respectively). Their market share for Powdered Milk is only second behind that of Nestlé. In 2016, they added coconut products to their offerings to capitalize on the country’s plentiful coconut supply.

The company has been ‘plastic neutral’ since 2020, offsetting their plastic use largely by buying credits from the Mandaluyong-based non-profit organization, Plastic Credit Exchange (PCEx). They have also installed solar panels at their tuna plant, reducing the site’s water use by 30% and have pledged to be carbon neutral in its coconut production by 2028.

SOURCE: Financial Times