Listed snack food manufacturer Monde Nissin Corp. is set to break ground soon on a major manufacturing plant in northern Luzon, with parts of the facility expected to begin operations by 2026 or 2027.

Chief financial officer Jesse Teo said the upcoming plant aims to boost its production capacity for the company’s biscuit brands, including SkyFlakes and Graham amid rising local and international demand.

“We’re still finalizing the plans for the new plant. I think the building will start soon and the spending will accelerate in the next few months, next few quarters, as we target to start up some parts of the new plant, northern Philippines plant, sometime in 2026 and 2027,” Teo said.

Monde Nissin has earmarked P7.55 billion in capital expenditures for 2025, of which P6.6 billion will go to its Asia Pacific branded food business, including the new biscuit plant.

For the first quarter of the year, the food company increased its revenues by 2.8 percent to P20.9 billion from P20.3 billion in the first quarter of 2024.

Its core net income for the first quarter of 2025 also rose 1.5 percent to P2.9 billion from P2.88 billion in the same period last year.

MONDE NISSIN