Gokongwei firm focuses on Asean expansion plan Vietnam to match - TopicsExpress

Gokongwei firm focuses on Asean expansion plan Vietnam to match size of PH in 10 years By Doris C. Dumlao Philippine Daily Inquirer 10:27 pm | Monday, September 30th, 2013 business.inquirer.net/145357/gokongwei-firm-focuses-on-asean-expansion-plan Gokongwei-led Universal Robina Corp. is intensifying its Southeast Asian expansion program in line with plans to diversify and boost profits, with Vietnam seen growing to match the current size of the Philippine market over the next 10 years. The roadmap for the next five to six years was to double the branded food business to $3 billion, which would imply an annual growth rate of 12-15 percent, URC vice president for corporate planning and investor relations chief Mike Liwanag said at the recent briefing for BPI Securities clients. Over the same period, URC also aims to boost its return on equity (ROE) to 23-25 percent from 17-18 percent at present, Liwanag added.

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