Poultry producer Vitarich Corp. said Wednesday it opened its largest warehouse at its feed mill complex in Panacan, Davao City.
Vitarich said in a disclosure to the stock exchange the warehouse covers 6,000 square meters for storage and 3,000 sq. m. for loading, unloading and parking.
The facility can store 6,600 metric tons of raw materials and finished goods, expanding Mindanao’s inventory capacity by 47 percent to 11,900 MT.
“This warehouse is a necessary investment which we believe will set us up for further growth as we strengthen our presence in Mindanao and serve the growing demand,” said Vitarich president and chief executive Rocco Sarmiento.
“With increased capacity, we can ship in main commodities in bulk to manage our risks related to raw materials and ensure that we continue to scale up and support food security at all times,” he said.
Mindanao accounted for P3.4 billion or 40 percent of the company’s total revenues as of Sept. 30, 2022. The region’s share rose steadily in recent years with the feeds segment growing at a compound annual growth rate of 15 percent from 2016 to 2021.
The company announced in November it renewed its ISO 22000:2018 food safety management system certification for its feed mills, including the plant in Davao City.
The warehouse is among the newest additions to the company’s growing list of facility expansions and upgrades over the past few years.
The company earlier modernized its dressing plant and laboratory and equipment in Marilao, Bulacan. It also enhanced the management systems for supply chain, inventory and information technology and invested in technologies and capabilities across the company to enable end-to-end processes.
Vitarich is a leading poultry integrator and manufacturer of animal feeds and food products in the Philippines. It operates in three primary industry segments: feeds, food and farms.
