Alaska Milk Corporation - Misplaced Pages

This is an old revision of this page, as edited by Iamdumdum (talk | contribs) at 09:07, 28 November 2013 (History; Sports). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Revision as of 09:07, 28 November 2013 by Iamdumdum (talk | contribs) (History; Sports)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)

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
Company type	Milk company
Industry	Dairy products (Milk)
Founded	1972
Headquarters	6/F Corinthian Plaza 121 Paseo de Roxas Avenue, Makati City, Philippines
Key people	Wilfred Steven Uytengsu, Jr.
Products	Fresh milk, evaporated milk, condensed milk, powdered milk, coffee creamer and all-purpose cream
Owner	FrieslandCampina (98.1%).
Website	www.alaskamilk.com

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.

History

In 1972, Holland Milk Products, Inc. (HOMPI) was established. HOMPI was a joint venture between between AMC’s former parent company, General Milling Corporation (GMC), and Holland Canned Milk International B.V. (now FrieslandCampina). HOMPI initially manufactured liquid canned filled milk products, (evaporated and sweetened condensed milk) and eventually expanded to manufacture powdered filled milk and UHT milk products division up.

In 1994, HOMPI was spun-off from GMC and incorporated as Alaska Milk Corporation (AMC) under the control Wilfred Uytengsu, Sr. Shortly after its incorporation, AMC was listed in the Philippine Stock Exchange (PSE) in 1995.

Wilfred Steven Uytengsu, Jr., the eldest son of Wilfred Sr., assumed the position of President and CEO in 2007. The elder Uytengsu died in April 2010 at the age of 82.

In 2007, AMC acquired the canned milk business of Nestlé Philippines, Inc. The acquisition included the Alpine, Liberty and Krem Top trademarks, as well as the trademark license for Nestle’s Carnation and Milkmaid brands.

In 2012, FrieslandCampina acquired majority control of AMC from the Uytengsu family. On November 5, 2012, AMC was delisted from the PSE after FrieslandCampina completed its tender offering for 98.1% ownership of AMC.

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

Alpine
Carnation - under license from Nestlé Philippines, Inc.
Cow Bell
Liberty
Milkmaid - under license from Nestlé Philippines, Inc.

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.

Sports

Alaska Aces (professional basketball team)
Alaska teamTBB Philippines (triathlon team)
Alaska Power Camp (basketball and football development camps)
Alaska Ironkids Philippines (triathlon series)

References

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