Conscious Investing Today
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
  • Top News
  • Business Insider
  • Economic Indicators
  • Investing Ideas
  • Politics News
  • Stock Analysis
  • Editor’s Pick
No Result
View All Result
Conscious Investing Today
No Result
View All Result
Home Politics News

AyalaLand Logistics acquires cold storage facility Technofreeze

by
April 14, 2021
in Politics News
0
AyalaLand Logistics acquires cold storage facility Technofreeze
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
FACEBOOK.COM/INLANDCORPORATION

AYALALAND Logistics Holdings, Corp. has acquired Technofreeze, Inc., a cold storage facility located in Laguna Technopark, the listed holding firm disclosed to the stock exchange on Wednesday.

“Technofreeze is an established cold storage facility in Laguna with [a] proven track record of serving companies with diverse products such as processed meat products, dairy and ice cream, and adhesives,” the company said.

The firm will also acquire the land on which the facility stands, which spans 11,800 square meters. The acquisitions will amount to a total of P408.8 million, inclusive of value-added tax.

The cold chain facility is accredited by the Department of Agriculture, allowing it to store fruits, vegetables, meat, fisheries, and aquatic products.

The facility has 17 cold storage rooms capable of keeping temperatures up to -25 degrees Celsius with 4,000 pallet positions and three processing rooms with temperatures ranging from 0 to 25 degrees Celsius.

It also has four dry storage rooms with 1,600 pallet positions, two blast freezers with a combined 25-ton capacity, and several office spaces.

The facility will be operated under AyalaLand Logistics’ cold storage brand ALogis Artico, which is also based in the listed holding firm’s Laguna Technopark.

ADVERTISEMENT

“This cold facility will complement the warehouse leasing business of the group,” AyalaLand Logistics said.

AyalaLand Logistics, a subsidiary of Ayala Land, Inc., specializes in logistics and warehouse business.

It said the transaction supports the company’s vision “to be the leading real estate logistics and industrial parks developer and operator in the Philippines.”

Shares of AyalaLand Logistics at the stock exchange went up by 8.22% or P0.25 on Wednesday to close at P3.29 apiece. — Keren Concepcion G. Valmonte

Related Posts

Measuring economic prospects through the growing demand for credit
Politics News

Measuring economic prospects through the growing demand for credit

June 27, 2022
Why credit scores matter to financial health
Politics News

Why credit scores matter to financial health

June 27, 2022
Hamilo Coast: Nurturing nature for 15 years and beyond
Politics News

Hamilo Coast: Nurturing nature for 15 years and beyond

June 27, 2022
Next Post
Altus income dips 66% as lockdown leads to mall closures

Altus income dips 66% as lockdown leads to mall closures

The amazing coconut

The amazing coconut

DDMP REIT posts 24% profit decline despite growth in rentals

DDMP REIT posts 24% profit decline despite growth in rentals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Categories

  • Economic Indicators
  • Editor's Pick
  • Investing Ideas
  • Politics News
  • Stock Analysis

Popular News

  • A Minute With: Family Reunion cast on relatable story lines

    A Minute With: Family Reunion cast on relatable story lines

    0 shares
    Share 0 Tweet 0
  • Twitter launches ‘Milk Tea Alliance’ emoji as movement grows

    0 shares
    Share 0 Tweet 0
  • Gas and car bills to soar under green revolution

    0 shares
    Share 0 Tweet 0
  • Level up your gaming experience with vivo Y20s [G]

    0 shares
    Share 0 Tweet 0
  • Rehab, expansion of General Santos airport seen completed by Q2

    0 shares
    Share 0 Tweet 0
No Result
View All Result

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Highlights

Abortion ruling casts cloud over usual cheer at US Pride parades

Driving social inclusion and using Tech4Good: Globe wins in 2022 ASEAN Tech for ESG Awards

Axelum Resources Corp. to conduct annual stockholders’ meeting on July 29 via remote communication

SEC warns public vs investing in three entities

SSC outlasts Perpetual Help in 5 sets, shares second spot

First Philippine Overland Expedition boasts P1-M kitty

Trending

Measuring economic prospects through the growing demand for credit
Politics News

Measuring economic prospects through the growing demand for credit

by
June 27, 2022
0

Credit activity is one of the most effective barometers of the economic health of a nation. Not...

Why credit scores matter to financial health

Why credit scores matter to financial health

June 27, 2022
Hamilo Coast: Nurturing nature for 15 years and beyond

Hamilo Coast: Nurturing nature for 15 years and beyond

June 27, 2022
Abortion ruling casts cloud over usual cheer at US Pride parades

Abortion ruling casts cloud over usual cheer at US Pride parades

June 27, 2022
Driving social inclusion and using Tech4Good: Globe wins in 2022 ASEAN Tech for ESG Awards

Driving social inclusion and using Tech4Good: Globe wins in 2022 ASEAN Tech for ESG Awards

June 27, 2022

Disclaimer: ConsciousInvestingToday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2021 ConsciousInvestingToday. All Rights Reserved.

No Result
View All Result
  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.