The Aboitiz-led Pilmico and Gold Coin Group is confident of completing the expansion of its feed mill facilities in China and Vietnam within the first six months this year.
Tristan Aboitiz, Pilmico and Gold Coin Group president and chief executive officer, told financial reporters in an online briefing the facilities will expand the group’s footprint across the region.
“We’re committed to growing our presence in key markets through investment in assets and businesses across the region. The food group is actively expanding its feed mill production capacity in Yunnan, China and in Long An in Vietnam,” Aboitiz said.
He said the Yunnan facility has a rated capacity of 150,000 metric tons per annum but could go as high as 270,000 MT while the Long An can handle 200,000 MT up to 300,000 MT.
“Both are expected to be completed in the first half this year. The expansions are strategic to enhance our service capabilities across the region, to be able to appeal to a more diverse spread of customers,” Aboitiz explained.
Apart from the new feed mill, Pilmico and Gold Coin Group said focus areas include finding ways to boost businesses across the region and grow in the areas of meats, aqua feeds, pet food and specialty nutrition.
Aboitiz said optimization works will also be pursued at the flour milling and livestock farm aspect of the businesses.
“I believe there’s a lot of value that can still be captured through the continued refinement of our operations and pursuit of commercial excellence. I think we operate in a market that’s quite different from that of a few years ago and I believe that difference has created opportunities there for us to further entrance ourselves as a supplier of choice to our customers,” Aboitiz added.
The Pilmico and Gold Coin Group is also keen on developing capabilities to ensure production of goods that are “more relevant to the needs of our customers at the lowest possible cost.”
Pilmico and Gold Coin Group is involved in the production of flour, animal feeds, pet foods and meat.
Based on the company’s website, Pilmico currently has over 29 facilities in nine countries including the Philippines, Vietnam, China, Malaysia, Brunei, Indonesia, Sri Lanka, Thailand and Singapore.
The website also mentioned that the company’s total annual capacity in terms of feed mills is at 4.2 million MT to date.
