GMAC Logitech Refrigeration Corp. (GMAC), a joint venture of Ayala’s AC Logistics Holdings Corp. and Glacier Megafridge Inc., is set to build a cold storage facility in Panabo City, Davao del Norte.
AC Logistics said in a statement Tuesday the planned cold storage facility would have a capacity of 11,798 industrial pallet once it becomes operational by the first quarter of 2025.
The facility is expected to cater to local food producers, manufacturers, importers, institutional food service and quick service restaurant clients.
This will also triple GMAC’s capacity to 17,000 industrial pallets by 2025.
“This is the second cold storage facility that GMAC will build and operate following the first facility in Cagayan De Oro which opened last year and there are other plans to develop cold storage facilities in several locations in the country as a demonstration of our commitment to ensure food safety and preservation,” said AC Logistics president and chief executive and GMAC director Rene Almendras.
GMAC opened its first storage facility in 2023 in Tablon, Cagayan de Oro City.
The Davao cold storage will be located within the ANFLO Industrial Estate, a PEZA-registered special economic zone in Davao del Norte that is owned and operated by Damosa Land Inc.
The 63-hectare industrial park, equipped with modern facilities and logistics support that serve agri-industrial operations, is ideal because of its proximity to the Davao International Container Terminal.
GMI is a technology-driven company which has been in the cold storage and logistics industry since 2005 serving importers, food processors, manufacturers and food and beverage retailers.
“GMI is proud of its efforts to bridge over logistical gaps and channel a safe, secure, and stable supply of fresh food through cold chain facilities,” said GMI president and GMAC chairman and president Arturo Yan.
AC Logistics, a wholly owned subsidiary of Ayala Corp., holds a portfolio of logistics companies, providing end-to-end supply chain solutions.
It earlier reported plans to expand its cold storage facilities nationwide through acquisitions and construction of new facilities.