25 June 2021
SBS Philippines Corporation (the “SBS”) adds new warehouse facilities to ramp up its inventory in food ingredient products.
In the heels of the previously announced sale of shares in its subsidiary Lence Holdings Corporation where SBS netted up to PHP588,770,556.57 of gross revenue, the Company will reinvest a portion of the proceeds to develop additional warehouses to cater to its growing food ingredient raw material product line and increasing demand for Halal certified logistic and distribution facility. This development is also aligned with the direction of SBS to improve operational efficiency by constructing the new facilities in its head office located in Quezon City. The first warehouse will feature a multi-level racking system with a capacity of up to 1,800 pallet location. It is to be outfitted with semiautomated shuttle carts to improve the operational efficiency by capitalizing on technology.
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Disclaimer. This Announcement may contain forward-looking statements relating to the future performance of SBS that are based on the Company’s current expectations, forecasts and assumptions and involve risks and uncertainties. Actual results may differ materially from those expressed in forward-looking statements and reportedmi results should not be considered as an indication of future performance. Factors that can cause or contribute to such differences include, but are not limited to, changes in political, business and economic conditions, general economic downturn or crisis, major fluctuations in exchange rates, effect of business initiatives and management changes, changes in business strategy, shifts in customer demands and preferences, industry trends, changes in government regulations, and the Company’s ability to deal with the increasingly competitive commercial environment. You are cautioned not to place undue reliance on these forward lookingstatements which are based on the current view of management. The Company assumes no obligation to update such statements, except as required by law.
About SBS Philippines Corporation (www.sbsph.com)
SBS Philippines Corporation (the “Company”) is one of the major chemical trader-distributor in the Philippines supplying a diverse customer base of more than 1,800 customers with over 3,000 chemical products sourced from more than 500 suppliers.
The Company offers a comprehensive selection of chemical products to service its wide set of clientele in the following industries: (i) food ingredients, (ii) industrial, (iii) feeds and veterinary care, (iv) pharmaceutical, (v) personal care and cosmetics.
The Company’s logistics infrastructure includes a network of 15 warehouse facilities located at 5 different sites in the greater manila area and the province of Bulacan, providing for a combined floor space of about 46,000 square meters and a storage capacity exceeding 18,000 MT. Its warehousing and distribution infrastructure provides for enormous flexibility to distribute a variety of products to a diverse set of customers and markets.
The Company’s scale and distribution reach, combined with its diversified product offering, deep industry knowledge, and value-added services on logistics management provide the Company with a distinct competitive advantage as the “one-stop shop” resource for chemical requirements.
More information on SBS is available at the SBS website at www.sbsph.com.
See also the pdf version: Press Release SBS Adds New Warehouse Facilities
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