Century Pacific Food Inc., the maker of Century Tuna sardines, has created a company that will operate its warehouse facilities.
“We received today the certificate of incorporation issued by the Securities and Exchange Commission approving the incorporation of Allforward Warehousing Inc (AWI),” Century Pacific said in a disclosure to the Philippine Stock Exchange.
AWI is the third wholly owned subsidiary under Century Pacific apart from Snow Mountain Dairy Corp. for manufacturing dairy and mixes products and General Tuna Corp. for canned and processed fish products.
Century Pacific has two affiliates: fast food retail arm Yoshinoya Century Pacific Inc. and Pacific Meat Company Inc. that holds the Swift and Argentina brand.
Century Pacific is fully owned by Century Canning Corp. of the Po family. It was incorporated on October 25, 2013 to own and operate businesses of canned and processed fish, canned meat, dairy and mixes, and tuna export businesses of the Century Group.
Century Pacific manufactures household brands such as Century Tuna, 555, Blue Bay and Fresca tuna for canned tuna products; Argentina, Swift and Wow for meat products; and Angel and Birch Tree for canned milk and dairy mixes.
The canned food producer claims to have cornered 87 percent of the local market for canned tuna, 43 percent of canned meat, 28 percent of Vienna sausage, and 26 percent of luncheon meat. It also ships products to major markets in Asia, Australia, Europe, Middle East and North America.