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Pure Foods Earmark PHP 32.0 billion for Expansion

15 Jun

San Miguel Corp. is upbeat on prospects of its food and beverage business, San Miguel Purefoods (PF), as election season looms, earmarking some PHP 32.0 billion over the next three years to pump up its food manufacturing capabilities.

The company expects sales volume of its food and beverage products to pick up 10.0% – 15.0% this coming election season.

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The amount is allocated specifically for organic expansion and any potential acquisition will not be part of the budget.

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Posted by on June 15, 2015 in Corporate News, PF, Stock Market

 

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