NextGen Day

Listed food manufacturer Monde Nissin Corp. is expanding more manufacturing lines in its Malvar, Batangas plant, depending on the improved economic prospects in the Philippines.

In a conference Thursday, chief financial officer Jesse Teo said the business planned PHP2 billion to construct new production lines as it seeks to improve the plant’s productivity and grow to more categories.

“The objective is to make the Malvar facility a multi-category plant… We have huge plans. It will add immediately roughly 5 to 10 percent additional capacity for us but there’ll become more as the months go by as we are putting more lines there,” he said.

The newly constructed factory in Southern Luzon began its business in September this year producing Monde Nissin’s noodle products.

Teo said about five or more lines will be added to the Malvar plant.

Meanwhile, the corporation is also positioning itself in the country’s meat alternatives market as it brings back the Quorn brand here.

“As economic conditions improve, I believe this will become more and more relevant for more and more Filipinos, and we need to be there,” he said, adding that digital is a crucial route it is trying to explore.

Save/Share this story with QR CODE

---

Disclaimer

This article is for informational purposes only and does not constitute endorsement of any specific technologies or methodologies and financial advice or endorsement of any specific products or services.

Need to get in touch?

Feel free to Contact NextGenDay.com for comments, suggestions, reviews, or anything else.

---

We appreciate your reading. Simple Ways To Say Thanks & Support Us:
1.) GIVE A TIP. Send a small donation thru Paypal
Your DONATION will be used to fund and maintain NEXTGENDAY.com
Subscribers in the Philippines can make donations to mobile number 0917 906 3081, thru GCash.
3.) BUY or SIGN UP to our AFFILIATE PARTNERS.
4.) Give this news article a THUMBS UP, and Leave a Comment (at Least Five Words).

---

AFFILIATE PARTNERS

World Class Nutritional Supplements - Buy Highest Quality Products, Purest Most Healthy Ingredients, Direct to your Door! Up to 90% OFF.
Join LiveGood Today - A company created to satisfy the world's most demanding leaders and entrepreneurs, with the best compensation plan today.

---