Metro Pacific Agriventures Inc., a unit of the conglomerate Metro Pacific Investment Corp., targets generating annual revenue of P20 billion over the medium horizon as it ramps up enterprise activities.
MPAV president Juan Victor Hernandez is confident of hitting the target, saying the food production arm of the Metro Pacific Group is on track in meeting the P1 billion revenue goal in two years.
Early this month, Hernandez bared company plans to diversify its activities to include protein and dairy.
MPAV is particularly looking at egg production and carabao milk as it brings its other businesses to profitability, Hernandez said.
“Protein could either be meat, eggs or aquaculture. All of those are very interesting,” Hernandez said.
He said the proposed venture plays right to the core of looking into the Filipino plate and what Filipinos prefer.
As for the carabao milk proposal, Hernandez said that should help boost farmer incomes while giving MPAV source materials to process cheese.
Hernandez said that the company is looking at ventures where it can add value to the process.
“As long as we use technology, we can increase quality and yield,” he said.
Hernandez earlier claimed the Group’s agri venture is doing well from the revenue standpoint, with all metrics up.
