AAK has decided to invest in a customization plant in the Philippines. The plant will be located on land owned by oils and fats refinery San Pablo Manufacturing Company in Batangas, approximately 100 kilometers south of Manila.
“This investment is important for our geographical expansion and part of our company program The AAK Way”, says Torben Friis Lange, President Asia. “This will strengthen our position in yet another important Asian market. The customization plant will be closely located to many of our key customers and offers very good inbound and outbound logistics for the Philippine market.”
AAK’s main focus will initially be on solutions within Special Nutrition, Chocolate & Confectionery Fats and Dairy but the company will subsequently be able to supply speciality solutions within other segments as well. The presence in the Philippines is also expected to provide opportunities to strengthen AAK’s dedicated efforts within sustainable sourcing.
The customization plant will be operational at the end of 2018 after which AAK will continue to explore additional capabilities and opportunities in the Philippine market.