Lucio Tan-led MacroAsia Corp. has started building a P1.2-billion cold storage and commissary expansion project in Muntinlupa City to boost its food production capacity amid rising market demand.
The company informed the stock exchange on Friday that it will expand its existing facility in Sucat by around 11,000 square meters to include modern cold storage and commissary systems through its 67-percent-owned subsidiary MacroAsia SATS Food Industries Corp. (MSFI).
“The expansion is expected to be completed within 18 months, aligning with MSFI’s strategic focus on operational scalability, enhanced food safety, and service efficiency,” the company said.
Once completed, the upgraded facility will double MSFI’s meal production capacity to 90,000 meals per day, enabling the company to serve more institutional clients.
MSFI is a joint venture between MacroAsia, which holds 67 percent, and Singapore-based SATS Ltd., which owns 33percent.