Coca-Cola FEMSA Philippines is unilaterally withdrawing the petition for declaration of nullity with prayer for preliminary injunction it filed at the Regional Trial Court of Quezon City.
The move is in accordance with the company’s commitment to secure a win-win solution that will further strengthen its relationship with all sugar industry stakeholders.
“We believe that engaging in dialogue is key to finding a win-win solution to address the needs of all sectors. We hope that by continuously working with the government, the local sugar industry, and other stakeholders, this represents not only the organization’s long-standing endeavor to take part in Philippine nation-building but, more importantly, our desire to continue fulfilling our role as a key partner in the country’s economic development,” said Juan Lorenzo Tañada, Coca-Cola FEMSA Philippines legal and corporate affairs director.
“The sugar industry has always been an integral partner of Coca-Cola. We have been operating in the Philippines for 105 years and we hope to continue to work with and support the local sugar industry in the next century or more” said Adel Tamano, vice president for public affairs and communications of Coca-Cola Philippines. “We look forward to the immediate convening of the Sugar National Council—to be composed of sugar industry stakeholders and sugar-associated industries—which will ensure that policies and issues relating to sugar are properly addressed” he added. (Malaya)