Pure Foods allots P56b for expansion

San Miguel Pure foods Co Inc., the food manufacturing unit of conglomerate San Miguel Corp., has allotted P56 billion in capital expenditures over the next three years to expand the production capacities of its poultry, processed meats and flour milling businesses.

Purefoods president Francisco Alejo III said during the annual stockholders’ meeting the group remained committed to its aggressive expansion plans by building new manufacturing production plants 

“We expect these expansions to be competed over the two to three years. Our capital expenditures roughly over the next three years is P56 billion,” Alejo said.