By JAMES A. LOYOLA
Manila Bulletin
Alaska Milk Corporation is investing at least P500 million to boost production capacity for both powdered and liquid milk as it aims to double revenues to P20 billion in five years.
In an interview at the sidelines of the firm’s annual stockholders’ meeting Tuesday,
Alaska president Wilfred Uytengsu Jr. said expansion into new products will be limited since there are still a lot of opportunities in liquid and powdered milk.
“Doubling our sales again in the next five years will put us on the radar screen of a different set of investors that are currently investors in the company, particularly institutional funds abroad,†Uytengsu noted.
He said that, for this year, Alaska is aiming for double digit growth. “We think we will have fairly good topline growth on our businesses. At this point, demand is outstripping supply. This is why we are looking to increase capacity and we are hopeful of exceeding the 2009 financial performance,†Uytengsu said.
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