TOP FRONTIER Investment Holdings, Inc., the largest shareholder in the listed business company San Miguel Corp., explained. (SMC), to the company’s plans for the coming years, as well as the expansion of its roadmap programs.
“Our core team will continue to expand on existing industries such as food and beverage,” Top Frontier President and CEO Ramon S. Ang said during the ceremony. annual financial services meeting held on Friday.
“I think I can take the whole evening to explain about augmentation,” he added.
According to Mr.
The company plans to expand the Metro Manila Skyway Stage 3 (MMSS-3) to run through Sgt. Rivera in Quezon City to Route 10 (R-10) and Bulacan Airport. He plans to shorten the travel time from Manila Hotel to Bulacan airport to 15 minutes by car.
In addition to the expansion of MMSS -3 – a high -speed route from Buendia, Makati City to the North Luzon Expressway in Balintawak, Quezon City – the company plans to build an airport through Tullahan.
Top Frontier plans to have about eight new routes to Bulacan airport through the construction of additional airports along the routes: North Luzon Expressway (NLEX) in Mabalacat, Pampanga; NLEX ma o Tabang, Bulacan; and NLEX in Marilao, Bulacan.
The company also plans to build the EDSA Buendia gateway on MMSS-3 north and south, where it will further expand to Macapagal Ave., the NAIA Expressway (NAIAx) and the Manila-Cavite Toll Expressway (CAVITEx). plaza. He also announced a plan to build the EDSA-Tramo-NAIAx, which will be attached to the R-10 link.
On the highways, the company plans to build a 64-km (km) Toll Road 4, from Santo Tomas, Batangas to Lucena, Quezon, a 417-km Toll Road 5, from Lucena, Quezon to Matnog, Sorsogon, and with the extension of the Tarlac-Pangasinan-La Union Expressway (TPLEx) from Rosario, La Union to the first stop in San Juan, La Union to Laoag, Ilocos Norte.
In addition to widening the route, Mr. Ang is expanding its food and beverage industry. The company is building six new two million hectoliters restaurants and expanding its combined poultry business to 960 million ready -to -eat birds annually. A hectoliter is equal to 100 liters.
The company also plans to increase power efficiency by increasing its clean energy and storage facilities, which are expected to address a shortage of existing basic equipment.
“We have a business – its all -encompassing businesses and more. We’re expanding our cement production, we’re expanding our banking – our Bank of Commerce is now a world bank, and Much more, “said Mr.
“All industries delivered strong results in the first quarter of 2022. Contributing to some increase in COVID cases we are confident that our industry will benefit from the opening of other parts of the economy. economy and can continue. [the company’s] growth in the full year 2022, “Top Frontier Officer Aurora T. Calderon said during the same meeting.
In the first quarter, Top Frontier reported a 45.01% decrease in revenue to P1.99 billion from P3.62 billion recorded in the same period last year.
Now, it has recorded an increase in revenues of P316.76 billion from P201.16 billion recorded during January-March last year.
Top Frontier registered firm has a 65.99% stake in SMC. Other than its stake in SMC and Clariden Holdings, Inc., the company had no other activities as of December 31, 2021.
In the stock market on Friday, Top Frontier shares were unchanged at 117.00 each. – Justine Irish DP. Table