Jesse Teo News Today

Monde Nissin’s 2023 fiscal year was marred by another impairment charge for its meat-alternatives business as sales fell and losses widened.

Monde Nissin’s shareholders have committed “risk” financing following an impairment charge related to its Quorn Foods meat-free business.

MONDE Nissin is considering the possibility of mergers and acquisitions (M&As) as well as product innovations to drive future growth.

Quorn-owner Monde Nissin has invested $21.74m in its facility in Davao City in the Philippines to grow production, including two more brands.

Listed Monde Nissin Corp. on Tuesday said it has earmarked P1.2 billion for the expansion of its manufacturing facility in Davao. The company kicked off the expansion of the plant via a groundbreaking ceremony. The expanded factory will have a bakery and biscuits facility for biscuit and bread brands. The…

Food manufacturer expands operations in Davao City

Monde Nissin took an impairment charge of more than US$350m on its meat-alternatives business in evidence the category is under pressure.

Monde Nissin took an impairment charge of more than US$350m on its meat-alternatives business in evidence the category is under pressure.

The Philippine Stock Exchange is gathering chief executives and finance heads of listed companies this week in a bid to prop up liquidity among their stocks.

STILL OPTIMISTIC. Monde Nissin executives (from top to bottom, left to right) chief financial officer Jesse Teo, chief executive officer Henry Soesanto, and Quorn chief executive officer Marco Bertacca in a media briefing on Thursday (May 11, 2022). The company remains optimistic with its business back by the local market despite input costs hike. (Screenshot from Monde Nissin Zoom meeting) MANILA - Filipino food manufacturer Monde Nissin Corporation has kept its business afloat despite increasi...