21 Nov Del Monte Philippines Inc to Expand Operations, Eyes $1B Revenue by 2021
During the recent tour of Del Monte Philippines Inc.m, (DMPI) Manufacturing Director Alan Z. Salcedo at the cannery facility of Del Monte, spoke before the reporters that the company is eager to expand its operations, an effort towards their goal of doubling its business by 2021 with a total revenue of around $1 billion.
He said that all of the required capital investments haven’t yet finalized, however, they have already started their strategic plan for the next 5 years and are firming up all the investments from all divisions.
Currently a $350-million business, DMPI processes close to 700,000 tons of pineapple a year at its factory in Bugo, Cagayan de Oro, making it the world’s largest fully integrated pineapple operation through its 23,000-hectare pineapple plantation in Manolo Fortich in Bukidnon.
Source: BusinessMirror
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