Sales reached P1.5 million in the first full year of production.
"My parents started with only five full-time employees plus some part-time or contractual deboners to meet a big order. Today, the company employs 30 full-time personnel with around 20 more part-time or seasonal employees," said JC King Enterprises sales and marketing manager Aimee Acevedo-Liu.
"We started out with just two productsboneless milkfish and milkfish spring rolls. We have since expanded to different milkfish cuts such as belly and to other seafoods such as crabmeat. We also have introduced bottled products such as a premium shrimp paste or bagoong alamang," said Acevedo-Liu.
The other factor was a loan granted by the Agricultural Competiveness Enhancement Fund last year, which enabled the company to put up a deboning cum processing plant. Inaugurated by President Macapagal-Arroyo in March 2005, the plant has an annual production capacity of 300 tons.
In preparation for its entering the export market, the plant is undergoing certification under HACCP (hazard analysis for critical control points), a quality management system that addresses food safety through the analysis of biological, chemical, and physical hazards.
"Despite the entry of more players, the market for boneless milkfish is still growing. Export-wise, the potential is huge. We draw inspiration from tilapia (St. Peters herring), which has been enjoying some measure of success in the United States. It was slowly introduced to the mainstream by gourmet restaurants in Napa and the Bay Area and is now widely accepted in the US, in part because tilapia is easily cultured in the US as well. Our milkfish has not had the opportunity. Maybe, it is high time our local milkfish industry took on this challenge," said Acevedo-Liu.