MANILA -- A coffee war is brewing in the Philippines after Indonesia's PT Mayora Indah announced plans to produce instant coffee locally to take on Swiss giant Nestle and local food and beverage juggernaut Universal Robina.
PT Mayora early this week said it would invest $80 million in the Philippines over the next five years and build a plant to produce its popular Kopiko instant coffee mixes. The company said the factory will help meet growing domestic and overseas demand, but it did not disclose the plant's capacity.
