Gardenia Bakeries Philippines Inc. signs a contract of lease agreement with Phividec Industrial Authority, a government-owned and –controlled corporation for a 25-year lease contract covering 2.5 hectares of land in Tagoloan, Misamis Oriental. The new plant, which will have a total capacity of 130,000 loaves and buns a day, will be under the management of Nutrimax Fresh-Baked Inc., a wholly-owned subsidiary of Gardenia International Pte. Ltd. Singapore. Signing the agreement are (front row, from left) Nutrimax Fresh-Baked chief operating officer Alvin Delos Santos, Gardenia Bakeries Philippines president Jun Umali and Phividec chief executive Franklin Quijano.
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