Monde Nissin Corp. increases capex to P7.2B, investing P6.2B in Asia-Pacific food/beverage, leases Pampanga facility, and expands meat substitute segment.
Monde Nissin Corp. plans to spend P7.2 billion on capex this year, an increase from last year's P3.64 billion. The majority of the funds, P6.2 billion, will be invested in its Asia-Pacific branded food and beverage business. The company signed a long-term lease for a facility in Pampanga to improve accessibility and diversify supply base. Monde Nissin is also focusing on expanding its meat substitute segment.
April 14, 2024
3 Articles