Universal Robina Corporation (URC) is a Philippine company headquartered in Quezon City. It is one of the largest food and beverage companies in the Philippines, along with San Miguel Corporation and Nestlé Philippines.[4]
Universal Robina Corporation
Logo since 2016
The Tera Tower in Bridgetowne, Quezon City, the headquarters of Universal Robina.
This article may need to be rewritten to comply with Wikipedia's quality standards. You can help. The talk page may contain suggestions.(September 2019)
The company was founded on September 28, 1954 by John Gokongwei, Jr.[6] under the name Universal Corn Products (UCP) after Gokongwei decided to construct a corn milling plant to produce glucose and cornstarch.
In 1961, Consolidated Food Corporation (later known as CFC Corporation) was established. The company's first product was Blend 45 instant coffee. It became one of the best-selling instant coffee brands in the local market, beating Café Puro and Nescafé at that time. After the success of Blend 45, the company launched the Presto brand to enter the chocolate segment in the late 1960s with its cocoa powder, powdered chocolate drink and confectionery. It later launched Nips, a brand of chocolate candies similar to M&M's. It became a staple among Filipino children.
In 1963, Robina Farms started their operations with poultry products. This mark the beginning of the vertical integration of the Gokongwei businesses, as the farms would be able to purchase feeds from UCP in the future. In the same decade, Robichem Laboratories was established for the veterinary needs of the farms' businesses. In the 1970s, Robina Farms expanded their operations as they entered the piggery business.[7]
In 1966, Universal Robina Corporation (URC) was established. It pioneered the snack food industry in the Philippines with its Jack 'n Jill brand. In 2010, CFC Corporation would be merged with URC.
In 2014, URC expanded to Oceania by acquiring New Zealand-based biscuit company, Griffin's Foods. This was followed by the acquisition of Snack Brands Australia in 2016.[8] In December 2019, URC and German company Intersnack formed Unisnack ANZ, a joint venture comprising Griffin's Foods and Snack Brands Australia. Intersnack held a 40% stake in the consolidated business.[9][10] But URC would exit the venture in August 2021 by selling its stake in Unisnack ANZ to Intersnack.[11]
^"URC sells stake in snacks joint venture to partner Intersnack". BusinessWorld Online. July 30, 2021. Retrieved January 5, 2023.
^Berry, Kim (July 17, 2019). "Snack Brands Aust owner and Intersnack Group deal". Food & Drink Business. Retrieved January 5, 2023.
^Burgos, Jonathan (August 2, 2021). "Philippine Gokongwei Group Exits Australia, New Zealand Snack Foods Business". Forbes. Retrieved January 5, 2023.
^Burgos, Jonathan. "Philippines' Gokongwei Group Buys Malaysia's Munchy For $454 Million, Boosting Southeast Asian Footprint". Forbes. Retrieved January 5, 2023.
^"PBA honors founding team owner John Gokongwei with a moment of silence". Spin.ph. Retrieved September 28, 2020.
External linksedit
Media related to Universal Robina at Wikimedia Commons
Official website
January 01, 1970
universal, robina, corporation, philippine, company, headquartered, quezon, city, largest, food, beverage, companies, philippines, along, with, miguel, corporation, nestlé, philippines, corporationlogo, since, 2016the, tera, tower, bridgetowne, quezon, city, h. Universal Robina Corporation URC is a Philippine company headquartered in Quezon City It is one of the largest food and beverage companies in the Philippines along with San Miguel Corporation and Nestle Philippines 4 Universal Robina CorporationLogo since 2016The Tera Tower in Bridgetowne Quezon City the headquarters of Universal Robina Trade nameUniversal RobinaFormerlyUniversal Corn Products Inc 1954 1966 Company typePublicTraded asPSE URCIndustryManufacturingPredecessorConsolidated Foods Corporation 1961 1974 CFC Corporation 1974 2010 FoundedSeptember 28 1954 69 years ago 1954 09 28 FounderJohn Gokongwei Jr Headquarters6 F Tera Tower Bridgetowne E Rodriguez Jr Avenue Barangay Ugong Norte Quezon City Metro Manila PhilippinesArea servedAsiaKey peopleLance Y Gokongwei Chairman Irwin C Lee President and CEO 1 ProductsConfectionery snack foods grocery and convenience foods beverages animal feeds and other agriculture based productsRevenue 2 9 billion 2022 2 3 Operating income 4 0 billion 2022 2 3 Net income 13 4 billion 2022 2 3 AUM 64 8 billion 2020 2 3 Total assets 168 7 billion 2020 2 3 Total equity 95 2 billion 2020 2 3 Number of employees13 171 2024 ParentJG Summit HoldingsSubsidiariesDanone Universal Robina Beverages a Munchy s Nissin Universal Robina Corporation b URC China URC Hong Kong URC Indonesia URC Malaysia URC Myanmar URC Singapore URC Thailand URC Vietnam Vitasoy URC Inc c Websiteurc wbr com wbr ph Former logo used from 1989 until 2016 URC is a core subsidiary of JG Summit Holdings Inc JGSHI which is one of the largest business conglomerates listed in the Philippine Stock Exchange 5 Pasig Contents 1 History 2 Presence 3 Sports 4 See also 5 Notes 6 References 7 External linksHistory editThis section has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article may need to be rewritten to comply with Wikipedia s quality standards You can help The talk page may contain suggestions September 2019 This section needs additional citations for verification Please help improve this article by adding citations to reliable sources in this section Unsourced material may be challenged and removed September 2019 Learn how and when to remove this message Learn how and when to remove this message The company was founded on September 28 1954 by John Gokongwei Jr 6 under the name Universal Corn Products UCP after Gokongwei decided to construct a corn milling plant to produce glucose and cornstarch In 1961 Consolidated Food Corporation later known as CFC Corporation was established The company s first product was Blend 45 instant coffee It became one of the best selling instant coffee brands in the local market beating Cafe Puro and Nescafe at that time After the success of Blend 45 the company launched the Presto brand to enter the chocolate segment in the late 1960s with its cocoa powder powdered chocolate drink and confectionery It later launched Nips a brand of chocolate candies similar to M amp M s It became a staple among Filipino children In 1963 Robina Farms started their operations with poultry products This mark the beginning of the vertical integration of the Gokongwei businesses as the farms would be able to purchase feeds from UCP in the future In the same decade Robichem Laboratories was established for the veterinary needs of the farms businesses In the 1970s Robina Farms expanded their operations as they entered the piggery business 7 In 1966 Universal Robina Corporation URC was established It pioneered the snack food industry in the Philippines with its Jack n Jill brand In 2010 CFC Corporation would be merged with URC In 2014 URC expanded to Oceania by acquiring New Zealand based biscuit company Griffin s Foods This was followed by the acquisition of Snack Brands Australia in 2016 8 In December 2019 URC and German company Intersnack formed Unisnack ANZ a joint venture comprising Griffin s Foods and Snack Brands Australia Intersnack held a 40 stake in the consolidated business 9 10 But URC would exit the venture in August 2021 by selling its stake in Unisnack ANZ to Intersnack 11 In November 2021 URC entered an agreement to purchase Malaysia based Munchy s from CVC Capital Partners for US 454 million 12 Presence editURC is based in Quezon City and as of 2018 has 19 production sites in the Philippines It also has production sites in China Myanmar Thailand Vietnam and Malaysia The company also maintains an exclusive distributor presence in Laos and Cambodia as well as sales offices in Hong Kong and Singapore 8 Sports editURC owned the Philippine Basketball Association franchise Great Taste Coffee Makers which played from the inaugural 1975 season to 1992 when the company sold the team to Sta Lucia Realty 13 The Coffee Makers won six PBA championships See also edit nbsp Food portal nbsp Companies portal nbsp Philippines portal John Gokongwei JG Summit HoldingsNotes edit Joint venture with Danone S A Joint venture with Nissin Foods Holdings Co Ltd Joint venture with Vitasoy International Holdings Ltd References edit Dumlao Abadilla Doris April 26 2018 URC names Lee new CEO Philippine Daily Inquirer Retrieved June 5 2018 a b c d e f Universal Robina Corporation a b c d e f Wall Street Journal About Us Company Information PSE Electronic Disclosure Generation Technology The Philippine Stock Exchange Retrieved September 29 2019 URC PH Universal Robina Corp Company Profile amp Executives WSJ www wsj com Retrieved September 28 2020 Universal Robina Corp Nikkei Asian Review Retrieved January 28 2019 a b Dumlao Abadilla Doris December 3 2018 Globalizing corporate Philippines Philippine Daily Inquirer Retrieved September 29 2019 URC sells stake in snacks joint venture to partner Intersnack BusinessWorld Online July 30 2021 Retrieved January 5 2023 Berry Kim July 17 2019 Snack Brands Aust owner and Intersnack Group deal Food amp Drink Business Retrieved January 5 2023 Burgos Jonathan August 2 2021 Philippine Gokongwei Group Exits Australia New Zealand Snack Foods Business Forbes Retrieved January 5 2023 Burgos Jonathan Philippines Gokongwei Group Buys Malaysia s Munchy For 454 Million Boosting Southeast Asian Footprint Forbes Retrieved January 5 2023 PBA honors founding team owner John Gokongwei with a moment of silence Spin ph Retrieved September 28 2020 External links edit nbsp Media related to Universal Robina at Wikimedia Commons Official website Retrieved from https en wikipedia org w index php title Universal Robina amp oldid 1226186050 History, wikipedia, wiki, book, books, library,
