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The Lucio Tan (LT) Group’s aviation services unit MacroAsia Corp. (MAC), through catering subsidiary MacroAsia SATS Food Industries Corp. (MSFI), is investing ₱1.2 billion to double the capacity of its cold storage and commissary to 90,000 meals.
In a disclosure to the Philippine Stock Exchange (PSE), the firm said it has started construction for its cold storage and commissary expansion project, a major initiative aimed at strengthening the company’s food production capabilities in response to growing market demand.
MSFI, a joint venture between MAC (67 percent) and SATS Ltd. of Singapore (33 percent), will expand its existing facility in Sucat, Muntinlupa City by approximately 11,000 square meters (sqm), featuring modern cold storage and commissary systems.
Upon completion, the upgraded facility will double MSFI’s meal production capacity to 90,000 meals per day, enhancing its ability to serve institutional clients.
The expansion is expected to be completed within 18 months, aligning with MSFI’s strategic focus on operational scalability, enhanced food safety, and service efficiency.
MAC said the groundbreaking for the expansion project highlighted the company’s dedication to innovation, infrastructure development, and long-term value creation in the food services sector.
Last April, MAC signed a ₱1.41-billion financing loan agreement for the seawater desalination plant project in Lapu-Lapu City.
The firm said the agreement was formally executed by representatives of Cebu Summa Water Lapu-Lapu Inc. (CSWLL) and Security Bank Corp. as the financing institution.
CSWLL is a wholly owned subsidiary of Summa Water Resources Inc. (SWRI)—with SWRI being 60 percent-owned by MAC through its subsidiary, Allied Water Services Inc.
“This agreement marks a significant milestone in the development of the project’s initial phase, which now includes the construction of a 20-million-liters-per-day (MLD) desalination plant in Punta Engaño—an increase from the original plan of 15 MLD—and a 500-cubic-meters-per-day (CMD) desalination facility on Olango Island,” MAC said.
CSWLL is investing heavily in this transformative project, which aims to address the growing water needs of Lapu-Lapu City and enhance its water security.
Together with SWRI and MAC, the company is committed to delivering a sustainable, climate-resilient water solution that supports both the immediate and long-term needs of the community.
MAC said the city government of Lapu-Lapu has been an essential partner in this initiative, offering steadfast support and collaboration throughout the project’s planning, design, and implementation phases.
A joint venture (JV) agreement was signed between the city and CSWLL—and a notice to proceed was issued on May 13, 2024.
With the JV agreement signed on June 21, 2019, the desalination facilities are on track to deliver a dependable, high-quality water supply for Lapu-Lapu City. This initiative also sets the stage for future desalination projects across the country.
