PHILIPPINES Mega Global to invest US$20.8 million at its upcoming Canned Sardines facility in Batangas December 2020
 
Philippines’ leading canned sardines producer, Mega Global Corp. (Mega), is committing Pesos 1 billion (US$20.8 million), instead of Pesos 500 million (US$10.4 million) planned earlier, in its first manufacturing plant in Luzon. This higher investment will increase Mega’s overall production capacity by as much as 50%. Its Sto. Tomas, Batangas factory will go fully operational by 2022.
Mega Global's President and CEO William Tiu Lim said, “Mega will employ state-of-the-art technology at its new facility in Batangas which will also have a world-class zero waste fish meal facility, cold storage and warehouse.”
William added that the plant will also can other products as part of Mega's diversification strategy.
Marvin Tiu Lim, Chief-growth and Development Officer of Mega said the company will source materials from the local suppliers including fish supply from Navotas fish port and vegetables from local farmers. There are gaps in the market that are currently underserved that Mega will like to tap by producing quality products.
According to latest statistics from Kantar, Mega has 30% share of the domestic sardine market. With the new plant, Mega sales will grow double digit in the next 5 years. Mega has also pioneered the packaging of sardines in pouch and easy-to-open cans to the domestic market.
The new investment will strengthen its market position in the Philippines and also support its export drive. Currently, Mega sardines are exported to the US, Central America and the Middle East catering mainly to the large Filipino expatriate communities there.
 

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