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Jul 5, 2016 @ 1:06

Alliance Select allocates $2.3-M capex

ALLIANCE SELECT Foods International, Inc. is spending $2.3 million this year, largely for the acquisition of machines meant to slash operational costs and subsequently improve its profitability.

The listed tuna and salmon canner is focused on lowering its operational expenses by employing state-of-the-art equipment in processing products, its Business Development Executive James Bertulfo told reporters after its annual stockholders’ meeting in Pasig City on June 28.

“We would like to further streamline our operations and we are looking at our redundancies and unnecessary steps… and we keep on working on our technology,” Mr. Bertulfo said.

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