Mega Global Corp., the company behind sardines brand Mega sardines, is investing P500 million to put up another processing plant in Luzon.
“The company is poised for further exponential growth. Demand has been outstripping supply for the past five years. We will continue to strive to be a solid quality food provider for the Filipino,” Megal Global president and chief executive William Tiu Lim said in a briefing Thursday via Zoom.
Lim said demand doubled and sales were up nearly 100 percent in recent months because of the pandemic. The health crisis also pushed capacity utilization to over 80 percent in recent months, but operations normalized in June.
Lim said the lockdown affected the plant’s workforce and the company resorted to shuttling the workers to the factory and back to their residences.