Ajinomoto Philippines Corp. (Ajinomoto) is considering setting up a 3rd manufacturing plant in the Philippines as its output at the 2 production plants in the country is nearing full capacity.
Ajinomoto’s President Koichi Ozaki said the decision will be made within 3-5 years as currently they are studying the feasibility of the plant and its location.
More than 90% of Ajinomoto’s products are locally manufactured, while its frozen food products are imported from Thailand.
Ajinomoto has posted more than double-digit growth in sales, and expects to post steady growth this year, supported by demand for its seasoning and food ingredient products. Ajinomoto’s frozen food and instant food products, which were recently introduced in the market, are also expected to drive growth for the company.
The Philippines is among the top 5 markets for Ajinomoto in Southeast Asia in terms of sales.
At the same time, Ajinomoto also seeks to reduce its environmental footprint in the country by 50% by 2030.
