One of Philippines’ largest food and beverage firm, RFM Corp. is aiming to boost the production capacity of its ice cream, pasta and milk businesses to meet rising double-digit growth in sales.
RFM’s joint venture Magnum RFM Ice Cream Inc., which produces popular ice cream brands Selecta, Magnum and Cornetto is gearing up for additional investments with the aim of increasing its production capacity to meet rising demand. RFM is also behind the ownership of popular Filipino pasta brands, Royal Pasta and Fiesta Pasta.
RFM CEO Joey Concepcion III said, “With zero bank loans at the parent level and a healthy cash balance, RFM can continue to uphold its dividend policy and fund expansion projects across several business segments – without putting stress on the balance sheet.”
RFM saw its sales performance for 2025 dampened by weaker flour prices, alongside disruptions caused by a series of typhoons that led to widespread flooding in Luzon. Despite these setbacks, demand across its products remained resilient, according to a RFM spokesperson.
