Misplaced Pages

This is an old revision of this page, as edited by 222.127.134.26 (talk) at 03:22, 18 September 2013 (→Alaska Aces). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages) A major contributor to this article appears to have a close connection with its subject. It may require cleanup to comply with Misplaced Pages's content policies, particularly neutral point of view. Please discuss further on the talk page. (October 2012) (Learn how and when to remove this message) This article includes a list of general references, but it lacks sufficient corresponding inline citations. Please help to improve this article by introducing more precise citations. (October 2012) (Learn how and when to remove this message) (Learn how and when to remove this message)

Alaska Milk Corporation (AMC) is one of the leading manufacturers of milk products in the Philippines. Its milk products are sold under the Alaska brand and is also the parent company of the Philippine Basketball Association (PBA) team, Alaska Aces. Alaska Milk Corporation is also listed in the Philippine Stock Exchange. As of December 13, 2010, the company has a total market capitalization of P11.9 billion and share price of P13.50.

Company profile

Alaska Milk Corporation was incorporated in 1994. However, long before that, operations have already started as early as 1972 through a Holland Milk Products, Incorporated. Holland Milk was a joint venture between Holland Canned Milk International B.V. and General Milling Corporation, another company founded by Wilfred Steven Uytengsu, Sr.. General Milling has interest in flour, feeds and soy bean milling. Holland Milk initially just produced canned evaporated and condensed milk and UHT ready to drink milk. But in the 1980S, the company started producing powder-filled milk under the Alaska brand. Because of the rapid growth of the company’s milk business, management decided to spin-off milk production as an independent entity and incorporated it as Alaska Milk Corporation in 1994. A year later, its shares were listed in the Philippine Stock Exchange under the stock symbol AMC.

When AMC reorganized its distribution operations and networks, Nabisco International and Quaker Oats, Incorporated tapped the company to be its exclusive distributor of Nabisco and Quaker Oats products. The agreement was terminated in 2001 when Philip Morris and Pepsi Company acquired Nabisco International and Quaker Oats, Incorporated, respectively.

Flagship brands

Alaska-branded products

Evaporated and Condensed Milk

• Alaska Evaporated Filled Milk
• Alaska Sweetened Condensed Filled Milk

Evaporated and Condensed Creamer

• Alaska Condensada
• Alaska Evaporada

Powdered Milk

• Alaska Chocolate Powdered Milk Drink
• Alaska Instant Powdered Milk Drink

Ready to Drink Milk

• Alaska Choco
• Alaska Fresh Milk
• Alaska Hi-Calcium Non-Fat Milk
• Alaska Slim Milk
• Alaska Sweet Milk
• Alaska Yoghurt Drink

All-Purpose Cream

• Alaska Crema

Coffee Creamer

• Alaska Krem Top Coffee Creamer

Nutritionals

• Alaska Nutri Build 345

Other brands

Brands are manufactured by this company, under license from Nestle:

• Alpine
• Carnation
• Cow Bell
• Liberty
• Milkmaid

Other developments

Following the termination of the distribution agreement, AMC introduced an evaporated creamer and a UHT All-Purpose Cream, Alaska Crema in 2003. The former was to complete the value line of liquid canned milk while the latter is to complete the line of cooking milk.

In 2007, AMC acquired international milk brands of Société Des Produits Nestlé S.A., which included Alpine, Liberty and Krem-Top brands. With these deals, AMC accounted nearly 80% of the liquid milk market. A year later, AMC introduced Alaska Yoghurt Drink and Cowbell Condensada. Cowbell Condensada is marketed towards lower-income consumers who have become price sensitive.

AMC also distributes other foreign brands. In 2005, it has signed an agreement with Kellogg’s Asia Marketing, Inc. to distribute Kellogg’s ready-to-eat cereals; and Hersheys Food Corporation for the Hershey UHT chocolate milk drink from 2003 to 2007.

Alaska Aces

AMC CEO Wilfred Uytengsu, Jr. was only 23 years old when his father asked him to do a feasibility study on putting up a basketball team. The Alaska team debuted in 1986 with some of the holdovers from the Magnolia Team. But it was only in 1991 did the Alaska team win its first championship. To date, Alaska is one of the winningest team in the league with a total of 14 titles (six Governor's Cup and Inivitational Championship, three All-Filipino Cup Championship, three Commissioner's Cup Championship and two Fiesta Cup Championship). In September 2010, the Alaska franchise celebrated its 25 years in league and paid tribute to its players.

References

1. "Dairy multinational FrieslandCampina to purchase controlling stake in the Philippines' Alaska Milk Corporation" (in English). FrieslandCampina. March 9, 2012. Retrieved January 5, 2013.{{cite news}}: CS1 maint: unrecognized language (link)

External links

• Official website

v t e PSE Composite Index companies of the Philippines
Current	Aboitiz Equity Ventures ACEN Alliance Global Ayala Ayala Land BDO BPI Bloomberry Century Pacific Food Converge ICT DMCI Holdings Emperador Globe Telecom GT Capital International Container Terminal Services JG Summit Holdings Jollibee Foods LT Group Meralco Metrobank Monde Nissin Nickel Asia PLDT Puregold San Miguel Semirara Mining and Power SM Investments SM Prime Universal Robina Wilcon Depot
Former	Aboitiz Power ABS-CBN Corporation Belle Corporation Benpres Holdings C&P Homes Cebu Pacific Chinabank Digitel Empire East Land Energy Development Corporation Equitable PCI Bank Fil-Estate Land Filinvest First Gen Corporation First Philippine Holdings GMA Network Holcim Philippines La Tondeña Distillers Lepanto Mining Manila Mining Megaworld Corporation Metro Pacific Investments Music Corporation Petron Philex Mining Philippine National Bank Philippine Stock Exchange Piltel Rizal Commercial Banking Corporation Robinsons Land Robinsons Retail Security Bank Southeast Asia Cement Holdings Unionbank Union Cement Vista Land

Attribution error: Please specify cc parameter with the Misplaced Pages-compatible Creative Commons license the text has been licensed under. See Template:Creative Commons text attribution notice for allowed parameters.

• Dairy products companies of the Philippines
• Companies established in 1972