Lapanday Foods Corporation

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OUR HISTORY


luis lorenzo

Lapanday Foods Corporation traces its beginnings to three parcels of land in Davao where banana farms had flourished in the 1970s. With the oversupply of bananas in the world market in the 1980s causing a significant decline in export prices, Luis F. Lorenzo, Sr., whose family had deep roots in Mindanao, looked at these lands and saw the opportunity amid the challenges. In 1982, the Lorenzos acquired the Guihing, Lapanday, and Cadeco farms, which would later comprise the Lapanday Agricultural Development Corporation (LADC).

Amid the turbulent 1980s, the Lorenzo-led management focused single-mindedly on turning the business around. It worked with the farm managers and workers to resolve operational and labor-related problems, and to lead the company to recovery and stability. Because of a strong management and financial position, Lapanday continued its acquisition program in the late 1980s with the purchase of farms in Sto. Tomas, Panabo, and Kapalong from Del Monte, and the establishment of another in Tanglao a couple of years later to form the Lead Export Agro-Development Corporation (LEAD). These farms produced and packed Cavendish bananas for Del Monte. They also acquired three plantations in Hagonoy, Igpit, and Malalag in Davao del Sur as well as one in Mabini, Compostela Valley to produce and pack for Unifrutti (Chiquita) in the mid 1990s. These developments showed the growing confidence of international brands in the export quality standards of Lapanday-grown bananas.


history

In 1997, Lapanday embarked on its South Cotabato expansion with more than 700 additional hectares. The following year, Lapanday took a significant step beyond being a grower and packer for multinational brands; it evolved toward becoming an exporter and regional produce supplier in its own right. Lapanday introduced the first Philippine brands of fresh fruit to the global market: “Mabuhay,” “Estrella,” and “Aloha” were all grown and packed in farms owned and managed by Lapanday and then made available in grocery stores in China, Japan, the Middle East, Korea and other countries in Asia and the Pacific rim.

The following years would see Lapanday take over the contracts of the Hijo Cooperatives in 1999 and establish the growership program. It also formed Lapanday Diversified Products Corporation (LDPC) in 2000, managing asparagus operations in South Cotabato and pines production in Davao and Bukidnon. Highland banana later became part of Lapanday’s roster of products as it started operations in Dallag, North Cotabato in 2004.

With the fast-growing business, Lapanday needed to strengthen its supply chain capability. It built a Cold Storage facility in the Madaum Port in 1998, followed by a Box Manufacturing Plant in Mandug, Davao in 2004. The latter has since supplied all of the company’s box requirements and complemented the company’s Plastic Manufacturing Plant located in the same area.

With LFC’s contract with Unifruitti having expired in 2006 and that with Del Monte finally concluded in 2011, Lapanday is now truly an independent company carrying its own brands, the quality of which is recognized by a growing number of buyers and consumers in the international markets.

Lapanday Foods Corporation