Aboitiz food unit steps up local and global expansion

CEBU, Philippines —  The food subsidiary of Aboitiz Group, Pilmico Foods Corporation, is exploiting the promising prospects of the food industry by accelerating expansion projects here and abroad.

Pilmico President and CEO Tristan S. Aboitiz bared during the recently held virtual briefing, that Pilmico & Gold Coin Group will open two new The Good Meat physical stores before the end of 2021, bringing its total to three stores.

Aboitiz also revealed the company’s near completion of its mills in Vietnam and Malaysia, including Pilmico’s project completion of a warehouse facility in Indonesia by the first quarter of 2022.

According to Aboitiz, Pilmico is also starting to build new mills in Vietnam and China.

Pilmico, which saw gains in its farms business due to higher selling prices of pork owing to supply shortage, is optimistic that the completion of its third breeder farm in Nueva Ecija will help ease out this shortage in the market.

The farm, which has a capacity of 2,500 sow level, is expected to be completed by June 2022.

According to Aboitiz, Pilmico is optimistic that with its improved biosecurity protocol and methodology, the company will be able to expand its capacity amidst the remaining threat of African Swine Fever in the country.

Aboitiz admitted that while the agri sector in the country remains to be challenging with numerous threats like the ASF, high input cost, and varying degree of lockdown, among others, Pilmico on the other hand is pursuing expansion plans for its long term goals.

He mentioned Pilmico’s investments in systems like ERP across region, and robotics.