Cheers to those who subscribed to TDY’s secondary offering!
With your funding, Tanduay, which has brands across all major
liquor categories - rum, gin, brandy, vodka and whiskey - will utilize the
proceeds “for the expansion, improvement and rationalization of its various
plants in Negros, Cabuyao and Quezon as well as the upgrade of its facilities
in Batangas…, all of these are targeted to improve manufacturing and production
capacity” (Accord Capital).
According to researchers at Citiseconline, “the new
investments will allow Tanduay to expand capacity to 192,800 cases/day from
158,800 cases/day (bold and italics mine) and reduce costs by as much as Php849Mil annually”.
