Asiamoney names URC the Philippines’ most outstanding consumer staples company

By: Philippine Resources November 01, 2022

Photo credit: Universal Robina Corp

One of Asia’s leading financial publications has, for a second year in a row, named Universal Robina Corp. (URC) as the Philippines’ most outstanding company in the consumer staples sector.

Asiamoney handed the award to URC, one of the Philippines’ largest food manufacturers, after an exhaustive survey of the region’s top capital movers and financial experts. URC won the same award last year.

“This award affirms the high, consistent quality of our products and services, the trust and faith of our customers and the grit and resilience of our workforce,” said URC president and CEO Irwin Lee.

Asiamoney is a top source of news, commentaries and data services for international capital markets. Its latest survey covered over 1,000 fund managers, analysts, bankers and ratings agencies. In total, 5,787 votes were received for publicly listed companies across 13 markets in Asia.

The results recognized 191 companies as being the most outstanding in their respective sectors and markets.

The poll was designed to acknowledge listed firms that have excelled in areas such as financial performance, management team excellence, investor relations and corporate social responsibility.

"While we are humbled by the recognition from the various fund managers, analysts, bankers and ratings agencies who took part in the voting, we would like to acknowledge the efforts of all our stakeholders - employees, suppliers, customers, and consumers - who have helped us persevere through the last two years of the pandemic,” said Lee.

“The company will continue to work diligently to become the leading food and beverage sustainable enterprise from the Philippines,” he added. “We’re building new legs and entering new spaces with innovation as our growth engine.

Lee said with the Covid-19 pandemic now receding in the background, “URC enters this new chapter with gratitude, knowledge and a newfound vigor to sprint toward our vision for a sustainable future”.

Universal Robina Corporation (URC), makers of long-standing well-loved Pinoy brands such C2, Great Taste, Piattos, Maxx Candy and Cream O, was named by Asiamoney as the Philippines’ most outstanding company in the consumer staples sector, for the 2nd year in a row.

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