Aboitiz power, food units eye Asean expansion

The Aboitiz group is gearing up to expand its power and food manufacturing units to take advantage of the opportunities presented by the economic integration of the Association of Southeast Asian Nations (Asean) next year.

"We are looking outside for both Pilmico Foods and Aboitiz Power. Nothing very firm as of now but there are some very good opportunities we are looking at in Asean," said Stephen G. Paradies, chief financial officer of parent firm Aboitiz Equity Ventures Inc.