FOOD and beverage firm RFM Corp. said on Tuesday it is allocating P400 million this year for expansion, a portion of which will be spent to upgrade the equipment of its flour mill lines.

“We are adding a bit of capacity but we are modernizing it so that we can produce all-purpose flour, higher valued flour,” RFM Corp. President and Chief Executive Officer Joey Concepcion told reporters on the sidelines of the company’s annual stockholders’ meeting in Mandaluyong City.

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