Manila, Philippines: AC Logistics Holdings Corp. (AC Logistics) and Glacier Megafridge, Inc. (GMI) have signed a joint venture agreement to construct and operate a cold storage facility in Cagayan de Oro. 

            GMI is one of the largest cold chain storage and logistical services provider in the Philippines. The company provides integrated cold chain operations including cold storage warehousing, blast freezing, inventory management, transport management, distribution, and logistics.

            Arturo C. Yan, GMI President and CEO shares, “We envision a closed loop corridor that preserves and prolongs shelf life of both local and imported meat and poultry, fish catch and farm produce from traders, manufacturers and producers in and around the region. This facility that we shall soon be operating in Cagayan de Oro dovetails with our objectives of bringing facilities closer to key sources of food, providing a prospect of better incomes for farmers and fishermen and providing safe, secure and sufficient products at stable prices to consumers.”

Ayala Corporation President and CEO Fernando Zobel de Ayala adds, “Food safety and security are top concerns for many Filipinos while limited market access and low incomes have kept generations of food producers struggling. I am delighted at the prospect of the Ayala group having a direct positive impact on our country’s food security through this partnership with GMI. This aligns perfectly with our group’s sustainability thrusts and with the UN’s sustainable development goals”.