The personal care products maker has pushed on with its foray into the food business by buying processor Moondish Foods Corp. -- moondishfoods.com
Splash was incorporated in 1991 to engage in the development and manufacture of skin whitening, skin exfoliants, hair care, and food supplement products, among others, according to information posted on the Philippine Stock Exchange’s Web site.
For 2012, the company has earmarked P520 million for capital expenditures, 22% more than the P426 million allotted last year, primarily to expand the firm’s production capacity and efficiency improvements.
This amount is expected to be bankrolled by proceeds of a P1.12-billion corporate notes issue last December.
At present, the firm -- a subsidiary of Ang-Hortaleza Corp. -- maintains presence for its personal care products in about 50 countries through distributors, according to its 2011 annual report.
Hindustan Unilever
No comments:
Post a Comment