Aboitiz buys Vietnamese animal feeds company

Conglomerate Aboitiz Equity Ventures Inc. has expanded its animal feeds business in Vietnam with the acquisition of a controlling stake in Europe Nutrition Joint Stock Co. (Eurofeed). Through wholly-owned subsidiary Pilmico International Pte., AEV is buying 70 percent...

AEV spending P4b to expand food unit

Conglomerate Aboitiz Equity Ventures Inc. plans to spend P4 billion to expand the production capacity of food manufacturing unit Pilmico Foods Corp. from 2017 to 2020. Pilmico president Sabin Aboitiz said during a recent analysts’ briefing the company aimed to...