MANILA – Poultry and feeds company Vitarich said Tuesday it set aside P80 million for capital expenditures this year, as it sought to double capacity one year after it exited corporate rehabilitation.
A new feed mill in Panacan, Davao will start operations in July, and is expected to double output to 232,000 50-kg bags of feeds per month, from 93,600 bags currently, said Vitarich president & CEO Rocco Sarmiento.
READ MORE: http://news.abs-cbn.com/business/05/23/17/vitarich-seeks-to-double-capacity-after-exiting-rehab