Pilmico, the unlisted feed, flour, and hog production unit of the Aboitiz group, will spend P80 million (app. €1.14m) to increase the Iligan plant’s feed milling capacity by 10,000 tonnes from about 100,000 tonnes annually.
"We will have elections and I understand remittances are up again," Pilmico President and Chief Executive Sabin M. Aboitiz told reporters.
"If [consumers] buy more pork and chicken, [hog and poultry farmers] will have to buy more feeds."
"If we order the machines now, by the second quarter next year our expansion is complete," he said.