Alliance Global puts up P150-B expansion

MANILA – Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Dr. Andrew L. Tan, is allocating more than P150billion for this year until 2017 to finance various expansion plans of its companies.

“We continue to be optimistic about what lies ahead. That is why we have kept an aggressive capex plan moving forward. In 2010 to 2015, we spent an aggregate of PHP270 billion for our expansion projects. We will spend more than half of that amount for 2016 and 2017 alone, proving our positive outlook for our business,” AGI president Kingson U. Sian said.

AGI maintains its highly optimistic outlook over its long-term prospects after reporting record revenues and core profit of P139 billion and P21.6 billion, respectively, in 2015. The company continues to pursue heavy capex plans as it firms up the foundation for its future growth.

Earlier, AGI chair Dr. Andrew L. Tan told stockholders that the company’s “strong operating performance in 2015 only serves to inspire us to continue to do better to accelerate our growth trajectory and maintain our market leadership. We have already laid out the foundation and made significant investments across all our business segments, both here and abroad, in order to futureproof our growth.”

“Our Group has really come a long way from what we were before. Five years ago, our real estate arm, Megaworld Corporation, covered only five townships, all in Metro Manila. Now, we have 21 townships throughout the country, of which 12 are in key growth areas in the provinces,” Sian said.

Megaworld continues to lead in township development and is also the biggest developer and landlord of offices for the country’s BPO industry. The company plans to continue expanding its office and commercial properties nationwide to keep itself at the crest of the wave of growth cities

all over the Philippines.

“Moreover, only three years ago, Emperador, Inc. was a pure Philippine liquor operation where it maintains market leadership. Now, it has become a global player in the spirits sector with access to about 100 markets around the world. This followed our acquisition of Whyte and Mackay, and more recently, Fundador and the other Spanish assets,” he said.

Capitalizing on its expanded global footprint, Emperador Brandy is now being exported to 40 countries in Asia, North America, Europe, Africa and the Middle East, reinforcing its position as the world’s No. 1 brandy product in terms of volume.