We are investing in a new warehouse for Philippine Bio-Industries that W Group fully acquired in September 2020. This expansion project is geared towards our plan to optimize the operational capacity of PBI in anticipation of the increase in PBI’s product portfolio in the next two to three years that would require additional space. With the raw material and finished goods warehouse expansion, the capacity will increase from 588 pallet spaces to 940 pallet spaces or 60% expansion.  It also requires an equivalent of 490 M² of additional area. This strategy will ensure the storage of an adequate supply of materials and FGs to sustain the supply needed by our customers amidst any crisis.

For the seaweed warehouse expansion project, the capacity shall increase by 125%. This will safeguard that we have an adequate supply of seaweeds to support the continuous operation of our refined kappa carrageenan line. At the same time, this would benefit our network of local seaweed farmer-partners where we get our raw materials regularly. The expansion project started this April and is set to finish in August 2021