NextGen Day

In order to acquire money for its development plans and to take advantage of opportunities in the expanding industry, ORCA Cold Chain Solutions, a pioneering cold storage company in the Philippines, is going public on the Philippine Stock Exchange.

ORCA announced its intention to sell 1,480,000,000 shares on Thursday, with an offer price of PHP0.88 per share.

The expected PHP841.1 million in net proceeds will be used, according to the business, for land purchases, building out current facilities to accommodate more value-added services, creating new cold storage facilities, and other general corporate reasons.

With a total capacity of 34,342 pallet positions or 34.3 million kilos, ORCA currently has two subsidiaries: Arendelle Cold Logistics, Inc. in Taguig, and Eisberg Cold Logistics, Inc. in Caloocan.

The cold storage sector has a total holding capacity of 550,000 pallet positions, or roughly 500,000 tons of different food goods, according to the Cold Chain Association of the Philippines.

Between 2022 and 2026, the industry is anticipated to grow by 8 to 10%.

The rise in demand for meat and processed frozen food products, the expansion of restaurants and other food-related businesses, and the robustness of the cold storage market are all factors in the industry that encourage the development of cold chain facilities in the nation, according to ORCA.

ORCA is one of the cold storage companies that assisted the government with the storage needs for the Covid-19 vaccine.

Its facilities meet the criteria of numerous Covid-19 vaccines made by Pfizer, AstraZeneca, Janssen, Moderna, Sinopharm, and Sinovac, and it has an installed capacity of vaccine storage for 1 million doses.

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.

---