Alaska Milk Corporation

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  • Topic: Milk, Powdered milk, Dairy product
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  • Published : September 3, 2012
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Maria Guadagraciape M. Geling 4M5
Investment Management

Security Information
Security Name: ALASKA MILK CORPORATION
Code: AMC
Industry: Industrial
Sub-Industry: Food, Beverage, and Tobacco
Company Profile and Description:

Alaska Milk Corporation (AMC) was incorporated on September 26, 1994, but operations began as early as 1972, through a company called Holland Milk Products, Inc. (HOMPI). HOMPI was a partnership between a Dutch dairy company, Holland Canned Milk International B.V., and General Milling Corporation (GMC), an industrial foods company with interests in flour, feeds and soy bean milling. HOMPI initially manufactured liquid canned milk and UHT-ready-to-drink milk in the 1970s, and later expanded to powdered filled milk in the 1980s under the brand "Alaska". HOMPI's operations were subsequently merged with GMC and operated as its milk product division. With the rapid growth of the milk business, the milk division was later spun off as a separate and independent entity and incorporated as AMC in 1994.

AMC has three principal lines of business, namely, liquid canned milk (evaporated and sweetened condensed milk), powdered filled milk and UHT/Ready-to-Drink (RTD) milk (fresh, low-fat and chocolate-flavored), and UHT/Ready-to-Use All-Purpose Cream, which are all marketed under the Alaska brand name. In April 16, 2007, AMC acquired the Alpine, Liberty and Krem-Top brands, including all trademark properties, from global food giant Societe Des Produits Nestle S.A. Also included in the deal is a long-term licensing agreement for AMC to manufacture and sell the Carnation and Milkmaid brands for liquid canned milk products.

All of the Company's products are distributed and sold within the Philippines.

Source: SEC Form 17-A (2010)

Board of Directors:

Antonio H. Ozaeta
Wilfred Steven Uytengsu
Roberto F. de Ocampo
Bernardo M. Villegas
Juan B. Santos

Kapil Garg
Kees Gielen
Peter van der Hoek

Management:

Chairman of the Board
Antonio H. Ozaeta
Vice Chairman
Juan B. Santos
President & Chief Executive Officer
W. Steven Uytengsu
Executive Vice President & Chief Financial Officer
Joselito J. Sarmiento, Jr.
Vice President - Accounting & Comptroller
Arnold L. Abad
Vice President - Marketing
Ma. Belen M. Fernando
Vice President - Sales
Francisco T. Idian
Vice President - Corp. Affairs & Corp. Secretary
Santiago A. Polido
Director - Operations
Aaron D. Fulton
Director - UHT Operations
Thomas P. Nilsson
Director - Materials Management
Ma. Reycelle M. Rodriguez
Assistant Vice President - Information Systems
Ma. Joanna L. Gamboa
Assistant Vice President - Audit
Alfredo B. Javier
Assistant Vice President - Financial Planning
Frederick C. Ramos
Assistant Vice President - Treasury
Marinela M. San Juan
Assistant Vice President - Engineering Services
Fernando S. Yabut
Assistant Vice President - Supply Chain
Oswald Y. See

SHARES OF DESCRIPTION
Par Value: 1.00
Issued Shares: 976 069 878
Listed Shares: 976 069 878
Outstanding Shares: 885 742 202
Free Float Level: 31%
Market Capitalization: 15 057 617 434
Closing Price (as of June 21, 2012): 17.0000
Percent Change (as of End of May): 33333.33
((44%-4%0/P.12))*100
Earnings per share: 1.2512
PE Ratio: 13.5870
52 Week LOW: 11.9800
52 Week HIGH: 13.5870

ANNUAL REPORT DATE

Price Chart

NEWS
June 16, 2012
Dutch dairy giant acquires 97 percent of Alaska Milk [The Manila Times, Philippines] Recent AMC News
No additional news stories are available for AMC at this time. June 16--Dutch dairy giant Royal Friesland Campina (RFC) has closed its tender offer for the shares of Alaska Milk Corp. (AMC) in the country, increasing its ownership to 97.7 percent of the domestic firm's total outstanding capital stock. "These shares, together with the 60.5-percent interest acquired in March this year from the Uytengsu family, the founders of AMC, and the 8-percent stake already held, mean that RFC...
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