Pacific Industries happy with PNG investments

PACIFIC Industries Ltd (PI) has invested over K150 million since 2010 in its business in the country, says director Everett Chue.
In a company update, Chue said: “Over the past several years we have invested heavily into our core business of manufacturing and distribution.
“We have been through several plant upgrades in Rabaul and Port Moresby, both to increase our capacity and efficiency, but also to ensure we are fulfilling our goal of putting our home country PNG on the map as a manufacturer of products that meet international standards.
“Although we are extremely proud to be associated with quality products like Pepsi, Gold Spot and Scoops ice cream, achieving these first world quality standards, required the purchase of leading-edge machinery (mainly from Europe) and large investments on our behalf.”
“Aside from food and beverage manufacturing we have also invested into an expansive distribution network with the addition of four new distribution centres in Port Moresby, Lae, Mt Hagen and Bougainville with Lae coming online in December 2022.”
“We have also invested into the hospitality industry opening up a chain of coffee shops called Duffy Cafe, a fried chicken chain called Baker Boy, Kokomo Bakery and Duffy Coffee Roastery in Port Moresby.”
Chue said although the current economic climate was tough.
“PI still remain confident,” he said.
“We still pushing full steam ahead with our current expansion and projects underway, as these investments were not intended for short term gain.
“We also believe timing is critical and aim to be prepared to capitalise on the economic growth that will come with the construction phase of Papua LNG.