By VG Cabuag, BusinessMirror | 02/18/2013 9:13 AM
MANILA, Philippines - A subsidiary of D&L Industries Inc. has secured a contract to distribute the products of Australia’s Manildra Group and MSM Milling, which may include canola derivatives and wheat products.
Under the agreement, D&L unit Oleo-Fats Inc. will handle sales, marketing and distribution of the products of the two firms in the country.
The products covered are canola and derivatives like high oleic canola and canola meal, as well as wheat and its derivatives such as wheat flour. These ingredients can be used to manufacture snacks and dairy products, as well as in food-service industries.
Canola and its derivatives can be found in a variety of food applications in retail, household and industrial markets due to its nutritional qualities and low saturated fat. Wheat, meanwhile, is a staple in the bakery, biscuits and snacks manufacturing.
“Manildra is noticing and embracing the increased demand for Australian wheat-based products, such as flour for noodles and glucose for use in confectionery production,” Peter Simpson, general manager of Manildra, said in a statement.
“The partnership is also part of our strategy to focus on products that will give us better margins, while moving away from low-margin commodities. This vote of confidence from a global player like Manildra shows how we have transformed ourselves from being a vegetable oil refiner into a leading developer and manufacturer of customized and specialized food ingredients in the Philippines,” Vincent Lao, managing director of Oleo-Fats, said.
MSM Milling said canola oil is becoming the leading soft oil preference in Philippines as disposable income among the middle class increases.
“We’re proud that our genetically modified-free, expeller pressed oil from the Central West of New South Wales is playing such a significant role in the growing marketplace,” the company said.
Manildra is a privately owned Australian company engaged in wheat processing for commercial and industrial purposes.
MSM Milling, short for Mac-Smith Manildra, is a joint venture between brothers Peter and Bob McSmith and the Manildra Group. It has a fully integrated oilseed crushing, refining and packaging company in New South Wales, Australia.