Snack food giant Monde Nissin Corp. is nearly doubling its capital spending this year to beef up its capacity.
Monde Nissin chief financial officer Jesse Teo said the company has allocated P7.21 billion for capital expenditures this year, significantly higher than last year’s P3.64 billion.
Of the amount, Teo said P6.2 billion will be dedicated to its Asia-Pacific branded food and beverage (APAC BFB) business.
“I mentioned about a a long term lease that we entered into in the Philippines in Pampanga. That itself is almost a billion right of use assets that we will be booking. That forms a major part,” Teo said.
هذه القصة مأخوذة من طبعة April 15, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة April 15, 2024 من The Philippine Star.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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