SMC’s meat unit posts 12% hike in revenues

The San Miguel Group’s meats business registered a 12-percent growth in revenues for the first eight months of the year to P4 billion, mainly driven by increased demand for pork.

Total sales volume rose nine percent on higher sales of the Monterey pork brand, which registered a 24-percent improvement during the period under review.

Pork is the most saleable among Monterey’s basic meats, accounting for more than 80 percent of its total sales volume.

San Miguel attributed the strong performance of its meats division to the addition of 17 supermarket meat shops and 11 neighborhood Monterey Meat shops.

Monterey was even awarded as the best meatshop in the Philippines by different organizations.

Monterey’s beef products and other value-added cuts and specialty meats sold a combined P1.02 billion in revenues.

The Monterey meats business started as a cattle ranch in Isabela.

Monterey now runs the country’s biggest hog and cattle operation and employs the latest technology in breeding, slaughtering, and meat processing.

As part of Monterey’s fully-integrated operations, it has a major slaughter and fabrication plant in Dasmariñas, Cavite which is the first "AAA" slaughterhouse in the Philippines to be given HACCP accreditation by the Department of Agriculture’s National Meat Inspection Service (DA-NMIS) and will also be the first ISO-certified slaughterhouse.