Cosmos Bottling to enter RI

Cosmos Bottling to enter RI

MANILA (Reuter): Philippine beverage firm Cosmos Bottling Corp, a subsidiary of RFM Corp, said yesterday its board had approved a joint venture with an Indonesian firm, PT Tirta Investarna.

The joint venture firm, Filipinas Water Bottling Co Inc, will manufacture Aqua bottled water, Cosmos said in a letter to the Philippine Stock Exchange.

PT Tirta Investarna is the holding company of PT Aqua Golden Missippi, Cosmos added.

Cosmos Bottling officials were unavailable for comment.