MPIC logistics unit acquires Bulacan lot for warehousing

MANILA, Philippines — Metropac Movers Inc. (MMI), the logistics arm of infrastructure conglomerate Metro Pacific Investments Corp., continues with its land buying spree as part of efforts to expand the group’s warehouse operations.

MMI said it recently acquired parcels of land in San Rafael, Bulacan with a combined size of 277,857 square meters at a total cost of P204.786 million.

“These will be used by MMI for the construction of a mega distribution center that will serve the company’s existing and potential clients in the fast-moving consumer goods, consumer durables and other industries,” the company said.

The acquisition follows the purchase of a 202,000-square meter land in General Trias, Cavite worth P1.2 billion last year which will also be used for the construction of another large distribution center.

MMI said the land purchases complement the 522 brand new trucks acquired in the fourth quarter of 2017 and the existing leased warehouse spaces totaling 207,000 square meters scattered in strategic locations across Metro Manila, Luzon, Visayas and Mindanao.

“Along with continuing investments in information technology, equipment and training, these assets seek to further MMI’s goal of becoming the best logistics company in the country,” the firm said.

MMI president Marilyn Victorio-Aquino earlier said the company’s existing platform, along with the investments to be made in the future, puts it in a good position for a leadership role in the logistics industry.

MMI started operations in May 2016 with end-to-end logistics services as its core business.

The company offers transport and freight forwarding through its three trucking components namely, Premier Logistics, Metropac Trucking Co. Inc., and Trucking Pro.

MMI’s facilities are capable of handling warehousing, distribution and crossdocking requirements of local and international clients.

In August last year, MMI completed the acquisition of a 12 percent stake in logistics giant Air21 after more than a year of negotiations.