MONDE Nissin Corp. is expanding its facility in Davao City, putting up a complex that will include a bakery and biscuits facility for brands like Butter Coconut, and Monde Mamon, for P1.2 billion.
The existing manufacturing plant of Monde Nissin in Davao City has been supplying the region with Lucky Me! noodle products for over a decade.
Jesse Teo, Monde Nissin chief finance officer, said the plant expansion will start to contribute to company bottom line starting February 2024.
The expansion project is expected to create over 500 jobs at capacity to support the highly automated and advanced operations of the plant, according to Teo.
“The company seeks to find local sources for production materials such as eggs and flour. Aside from managing manufacturing and logistical costs, the bakery and biscuits plant is anticipated to shorten inventory cycles and improve product shelf visibility in Visayas and Mindanao,” he said.
“This expansion not only enhances our manufacturing capacity, but also strengthens our network of partner distributors and retailers. It enables us to supply beloved Monde Nissin products to customers in the region more efficiently, amplifying our impact and reach,” Teo added.
