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Mega Prime sets over P1-B capex for projects
June 09, 2025
|Business World Philippines
MEGA PRIME FOODS, INC. has allocated over P1 billion for capital expenditure (capex) this year to support new projects.
"For capex this year, we are building a lot of new developments, so it will be more than P1 billion, 20-30% higher than last year," Mega Prime President and Chief Executive Officer Michelle Tiu Lim-Chan said on the sidelines of the company's 50th Anniversary event on Friday.
"We are investing in the Philippines because we want to generate more jobs and improve the economy of the Philippines," she added.
She said the company is focusing on developing its information technology and automation systems to improve operational efficiency and maintain the quality of its sardines.
A portion of the capex will also be used to build new boats, refurbish old boats, and for dry docking.
Meanwhile, Mega Prime is targeting double-digit growth in revenues and market share.
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