Philippine Conglomerate Metro Pacific Agro Ventures (MPAV) recently announced that it is targeting PHP 1 billion (USD 18.2 million) in revenues over the next four years, driven mostly by its dairy business, for which MPAV is committed to double its revenues.
In June 2022, MPAV´s mother company Metro Pacific Investments Corp secured 51% The Laguna Creamery Inc. from Carmen’s Best Group. In December 2022, MPAV and its partner Israeli firm LR Group launched Metro Pacific Dairy Farms (MPDF), a farm facility, under a 60-40 sharing agreement.
Expanding MPAV’s dairy business, the facility will be able to produce 6.5-million liters of milk per year once it commences commercial operation in 2025 or early 2026. It will have a capacity of up to 2,000 cows. Importantly, the company plans to increase the fresh milk yield per cow to 30 liters a day from just eight to 10 liters a day through the use of innovative technology solutions.
Moreover, MPAV is currently expanding in the coconut segment. It recently signed a sale and purchase agreement with shareholders of Axelum Resources Corp. (ARC), a leading manufacturer and global exporter of high-quality coconut products.
(Source: PhilStar)
