-
DHL Supply Chain Philippines is expanding its services to Century Pacific Food, Inc. as the branded food manufacturer and exporter opens another warehouse and distribution facility in Bulacan
-
The facility is located within North Point Industrial Park 2, an industrial and warehouse facility that offers custom build-to-suit spaces
-
Listed firm CNPF reported last week that it was able to sustain growth momentum with P45.8 billion in consolidated revenues, with both branded and Original Equipment Manufacturer exports having a double-digit increase
DHL Supply Chain Philippines is expanding its services to Century Pacific Food, Inc. (CNPF) as the branded food manufacturer and exporter opens another warehouse and distribution facility in Bulacan, a province immediately north of Metro Manila.
“Together, we’re building a smarter, more agile, and future-ready supply chain that delivers greater value to customers and consumers across the Philippines,” DHL Supply Chain said in a social media post.
READ: DHL Group records 8.3% higher operating profit in Q1
The facility is located within North Point Industrial Park 2 (NPIP2), developed and operated by C.M. Pancho Construction, Inc.’s CMP Property Solutions.
“We are delighted to officially welcome Century Pacific Food, Inc. to North Point Industrial Park 2. Having been a valued tenant at North Point Industrial Park 1 for years, we’re honored that Century Pacific Food, Inc. continues to place its trust in us as it expands its operations,” CMP said in a separate post.
The NPIP2 is an industrial and warehouse facility that offers custom build-to-suit spaces.
Listed firm CNPF, in its unaudited first half financial results released last week, said it was able to sustain its growth momentum with P45.8 billion in consolidated revenues, with both branded and Original Equipment Manufacturer (OEM) exports having a double-digit increase.
CNPF said majority of sales come from the predominantly domestic branded business, comprised of marine, meat, milk, coconut, and other emerging segments in the food sector.
OEM tuna and coconut exports continued to recover from a challenging first half last year, growing 26% year on year. The segment’s second quarter performance was affected by the June 8 earthquake that hit General Santos City, where key manufacturing facilities are located, but year-on-year growth was still 21%.
“Our operating conditions in the first half were far from smooth. Fuel prices soared, squeezing our consumers while adding pressure to our operating costs. Against this backdrop, cost discipline became all the more important,” Chad Manapat, CNPF chief financial officer, said. “We proactively tightened spending while also rolling out measured pricing action well below inflation, aiming to strike a balance between cushioning rising costs and keeping our goods within reach for our consumers.”
