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Nestle threatens to close Philippine plant unless taxes cut
Swiss food multinational's coffee factory hit by tight sugar supplies
Nestle is considering halting production of Nescafe coffee mix in the Philippines amid rising production costs. (Photo by Kimberly Dela Cruz)
MANILA -- Nestle said it could shut down its coffee processing plant in the Philippines unless it receives tax incentives from the government.
The Swiss food multinational, which makes the popular Nescafe 3-in-1 coffee milk and sugar mix locally, said it has taken a hit from rising costs and tighter sugar supplies in the domestic market.
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