Asiapro invests in
MEMPHIS TRUCKING
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Two years ago, Asiapro made a substantial investment, a buy-in of 50% of the shares of Memphis Trucking, a logistics company owned and operated by Reggie Llaguno, the company’s general manager and holder of the remaining 50% of the firm.
Drivers, individual contractors and maintenance staff are members of Asiapro Cooperative, consequently adding value to the membership expansion campaign of the Cooperative enterprise.
Currently with 47 trucks and Fresh Choice as one of its major clients, Memphis Trucking delivers fruits and vegetables from the depot to a number of leading supermarkets. Although its activities concentrate foremost in the transport of depot-to-market fruits and vegetables, it also embarks on logistical support to transport garments and semi-conductors within Metro Manila, Cavite, Bulacan areas.
“Memphis Trucking is an Asiapro affiliate. Ultimately, we will establish our presence in Northern Luzon and in Mindanao in the near future.” President Gary Quemado emphasized.
This joint venture is fully operational and it aims to build a trucking business franchise of 100 trucks operating nationwide 24 hours-a-day and 7-days-a-week.
President Quemado also stressed that, “We intend to meet our goals by building our presence in the trucking business and in agriculture (referring to another venture project called Agrilogx, a Division of Asiapro) which have high returns on investment.”
“These two new business transactions undertaken by Asiapro Cooperative will give better margins for the Cooperative. As a result, it will double the dividends of the Cooperative worker-owners in the future.” according to President Quemado.
Asiapro’s investment opportunities, strong-membership base, and the provision of economies of scale in areas where it operates, strengthens its position of being the largest worker cooperative in the Philippines today.