The Gokongwei-led company Universal Robina Corporation whose known to manufacture snacks, announce that they will venture into the manufacturing of pharmaceutical grade alcohols due to high demand as the country battles the pandemic, based on an article by philstar.com last July 20, 2020.
In a disclosure to the stock exchange, the board of the directors of the corporation has approved changes in its articles of incorporation that will allow the firm to engage in the business of producing rubbing alcohol and "other similar products."
Also approve was the firm's plan to acquire, design, lease, construct, operate and maintain its facilities and equipment for the production its pharmaceutical grade alcohol.
For details, you may visit this article from the philstar.com.
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