In recent years, the Philippines has emerged as one of the fastest-growing countries in terms of manufacturing. The country led several Asian nations in the export of finished goods, making the sector the highest contributor to the nation’s Gross Domestic Product.
Among others, electronic items have become one of the most prominent exports of the country’s manufacturing industry, followed by food and chemical products.
With these, it’s time we learn about the top manufacturing companies in the Philippines today:
San Miguel Corporation (SMC) – Initially known as a beer and liquor brewery powerhouse, San Miguel Corporation now appears among the giants in conglomerate diversification. Besides alcohol, SMC’s affiliates and subsidiaries spearhead coffee, dairy, and meat products.
Petron Corporation – Still under the leadership of Ramon S. Ang is Petron Corporation, the nation’s most dominant oil marketing and refining company. It supplies around 30% of the country’s oil and fuel needs through more than 2,400 stations across the Philippines.
Shell Pilipinas Corporation – Another petroleum company on the list is Shell Pilipinas. It started from Asiatic Petroleum Company in 1914 and has become one of the leading fuel companies in the Philippines since then. Shell is also known for its top-of-the-line lubricants, greases and engine oils.
Sample Philippines Vendor Corporation – This company is one of the leading corporations in the manufacturing of electronic supplies. Sample Philippines specializes in semiconductors and other computer and electronic products.
PMFTC Inc. – The PMFTC Inc. is the Philippine extension of Philip Morris International (PMI), the top cigarette manufacturing company in the country. It carries the five most prominent cigarette brands, with Marlboro leading the global market and Fortune dominating the Philippine market.
Toyota Motor Philippines Corporation – Toyota leads several automobile brands in the Philippines in manufacturing motor vehicles. Although the company concentrates more on cars, it has delivered more comprehensively through parts, supplies and accessories.
Universal Robina Corporation – Operating under the JG Summit Holdings umbrella, URC carries almost all staple foods circulating in supermarkets nationwide. Whether it’s bakery items, beverages, noodles, tomato products, candy, chocolates, or refined items like flour and sugar, URC has it.
What is the ideal ROI in a manufacturing business?
Manufacturing is not a small venture with easily predictable Returns on Investment. Several factors may influence its realization and rates of actual returns.
But for a manufacturing business to reach investors’ radars, how much will its ROI be?
On average, an ideal ROI for a manufacturing venture poses a 5:1 ratio. A 10:1 can still be realistic but will depend on the following aspects: (SHORT EXPLANATION FOR EACH, PLEASE. ONE SENTENCE WILL SUFFICE)
· Marketing efficiency
· Customer acquisition
· Labor cost
· Pricing strategy
· Product and service quality
· Market size
Undeniably, the Philippines has banked on the manufacturing industry due to its economic potential. We have the resources and research capabilities to strengthen the nation’s name in the international market, erasing the limits to broader trade.
While the manufacturing business in this country still has a long way to go, this only indicates that we can do more and excel in the industry.
