Tan Jr. Maps Out “Sustainable” Future of Lucio Tan (LT) Group
Lucio K. Tan
Jr. gave a glimpse of the sustainable future that the companies under the Lucio
Tan (LT) Group will undertake and emphasized the need to develop clean and
renewable energy projects during the company’s recent year-end gathering.
In his customary year-end
message, Tan Jr. encouraged his company executives to develop an ability to “go
on offensive business mode,” to adopt to a changing world advocating
technologies that are environmentally-responsible and help ease the impacts of
climate change.
“Our thrust
is to participate and develop clean and renewable energy projects for our
sustainability...reduce our carbon footprint to underscore our commitment to
help mitigate the effects of climate change. I believe this is incumbent upon
us as a responsible corporate entity, where we can invest in technologies that
will unravel economic opportunities for the group and our employees,” said
the president and COO of Tanduay Distillers.
The younger
Tan revealed the revival of Asian Alcohol Corp. next year. It can be recalled
that the operation of the Bacolod-based facility was temporarily suspended
eight years ago.
“Kapitan
(Lucio Tan Sr.) made a strategic move to take one step backward in the hope of
moving forward, a strategy that teaches us how to realize our future by our
sacrifices of today. Next year, Asian Alcohol will begin its biofuel
production. Like Absolut Distillers, it will blaze new paths and return to its
old glory,” he divulged.
Located in a
10-hectare plant, Asian Alcohol Corp. was the second largest distillery in the
Philippines. The plant houses alcohol aging and wastewater treatment
facilities, which converts distillery waste into biogas energy for its power
requirements. It used to have a daily rated capacity of 210, 000 liters of
quality ethyl alcohol.
With this
development, Tan Jr. said, Asian Alcohol Corp. is expected to be patterned
after the success of Absolut Distillers Inc. in Batangas, which has made more
than Php880M from its bioethanol operations since 2015.
On the other
hand, he also revealed, Absolut Distillers has commissioned a six-effect
evaporator as part of its continuous improvement and wastewater treatment
upgrade. Next year, a pot still distillery will be added to its operation
together with a small mill.
For Tanduay
Distillers, according to him, this coming year, the company is expected to sell
20 million cases. Part of the growth plans are Tanduay’s more aggressive
operations in pursuing the Luzon market and continued exploration of markets
outside the country.
“I cannot
wait to find out how we will fare against the best of the best. Tanduay will
grow its assets to compete and be even more relevant in the liquor industry,”
he said.
He also
divulged that one of the companies under the group, Macroasia, will be going
into "full blast" next year.
“Macroasia is
going full blast with our thrust to address the future of water…our Chairman
(Lucio Tan Sr.) has already been building dams to compliment the farmers with
their harvest up north. We are now investing more on this valuable liquid,” he
added.
Tan Jr.
recalled the hardwork and dedication of his father Lucio C. Tan, who is the man
behind the success of the companies under the LT Group, but stressed the need
to “deliver the future of the Group.”
“I believe
that the world opens up to those who know where they are going,” he said,
adding that, “So, let us, as one company, stay focused, and get this dream
going towards our goals.”
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