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March 27, 2015 9:39 AM ET

Food Products

Company Overview of Pilmico Foods Corporation

Company Overview

Pilmico Foods Corporation, a flour milling company, produces wheat flours and related products in the United States. The company offers hog feeds, poultry feeds, specialty feeds, hard wheat flours, soft wheat flours, other wheat-related products, hard swine base feeds, soft swine base feeds, wheat germs, pollards, and pork and poultry solutions. Its hard wheat flours are used for breads, noodles, and pizzas; soft flours are used for pastries, cookies, cakes, wafers, and pancakes; and wooden spoon specialty flours are used for siopaos and cakes. The company also provides farm solutions, including counseling on animal nutrition and management, and piglets to farmers. It offers its products to ...

Kiwalan Cove

Dalipuga

Iligan City,  6000

Philippines

Founded in 1958

Phone:

63 6 322 51316

Fax:

63 6 322 51320

Key Executives for Pilmico Foods Corporation

Chief Executive Officer and President
Age: 49
Chief Financial Officer, Vice President and Treasurer
Chief Operating Officer
Assistant Vice President and Group Information Officer
Age: 45
Secretary
Age: 44
Compensation as of Fiscal Year 2014.

Pilmico Foods Corporation Key Developments

Pilmico Foods Seeks Acquisitions

Pilmico Foods Corporation is seeking acquisitions. "We are expanding the feed mill in Vietnam, which will be done by the end of the year," said Pilmico President and Chief Executive Officer Sabin M. Aboitiz, adding that the company is looking at other feed mills. The official said Pilmico is also looking for opportunities in Myanmar.

Pilmico Foods And Aboitiz Power Are Looking To Expand

Aboitiz & Company, Inc. is gearing up to expand its power and food manufacturing units to take advantage of the opportunities presented by the economic integration of the Association of Southeast Asian Nations (Asean) in 2015. “We are looking outside for both Pilmico Foods and Aboitiz Power. Nothing very firm as of now but there are some very good opportunities we are looking at in Asean,” said Stephen G. Paradies, Chief Financial Officer of Aboitiz Equity Ventures Inc. (PSE:AEV). Paradies said Aboitiz Power Corp. (PSE:AP) “started to look outside” the country given the constraints on the local power sector brought about by the Epira Law. He added that, "The company expects to build about 100 megawatts of power facilities in the Asean region within the year." Paradies added that the firm’s food unit Pilmico Foods Corporation has set its sights on Indonesia and Papua New Guinea after its entry in Vietnam in June 2014 where it acquired a 70 percent interest in aqua feed producer Vinh Hoan 1 Feed JSC for $20 million. “Well, we’re looking at Indonesia and Papua New Guinea. We’ve been looking there, but nothing has materialized yet, but that doesn’t mean we’re going to look at other areas,” he said, "Pilmico’s focus at the moment is to enter Indonesia and Papua New Guinea."

Pilmico Foods Corporation Announces Earnings Results for the First Quarter of 2014

Pilmico Foods Corporation announced earnings results for the first quarter of 2014. For the quarter, the company reported 4% year-on-year increase in income contribution in 2014, from PHP 325.2 million to PHP 338.6 million. The movement was primarily due to the strong performance of the Flour division, which registered a net income of PHP 185.6 million year-on-year as a result of the improvement in margins.

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