MacroAsia expands into veggie farming

Lucio Tan Group’s MacroAsia Corp. (MAC), through its wholly owned subsidiary MacroAsia New Ventures Inc. (MNVI), is venturing into agriculture to initially supply its own catering business with fresh vegetables and boost profit margins.

- By JAMES A. LOYOLA

In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Feb. 12, the firm said it has started an agricultural production project as part of its strategy to improve cost efficiency and protect margins across its inflight kitchens and food commissary operations through supply chain vertical integration.

The project will be implemented on MAC’s property in Maragondon, Cavite, where its water treatment plant is also located. The project was formalized through the signing of a service agreement with CoGrow Agricultural Services (CoGrow PH).

The initiative is designed to directly supply a portion of the leafy vegetable requirements of MAC’s three kitchens, supporting the group’s airline catering and commissary operations.