Incorporated on 04 February 1997, ANI started its business operations in the same year as an importer, trader and fabricator of post-harvest agricultural machineries intended to improve the productivity as well as increase the income of Filipino farmers. Formerly known as Mabuhay 2000 Enterprises, Inc., AgriNurture, Inc. (the “Company” or “ANI”) was the first to bring into the Philippine market the Mega-Sun brand of grain dryers and thereafter established itself as one of the more reliable local supplier and manufacturer of conveyor systems and other rice mill equipment.
ANI eventually diversified into other various agro-commercial businesses, specifically focusing on the export trading of fresh Philippine Carabao Mangoes as its main revenue stream. Since then, ANI has become one of the Philippines’ top fresh mango exporters to the world market. At present, ANI also supplies other home-grown fruits such as banana and pineapple to customers in Hong Kong, Mainland China, the Middle East and to the different European regions.
By the start of 2015, ANI ventured into the rice import trading by partaking in the rice importation program of the Government through the National Food Authority. By the early second quarter of this year, ANI was able to complete its first round by importing 1000 metric tons of rice from Vietnam.
Nature and Scope of the Business of ANI and its Subsidiaries
Currently, the Company conducts its business through operating divisions and wholly-owned or majority-owned subsidiaries that are organized into two (2) groups, namely: (i) Philippine Operations and (ii) Foreign Operations.
The Philippine Operations Group is organized into five business units: (1) Exports, (2) Local Distribution, (3) Retail & Franchising, (4) Farming (5) Manufacturing/Processing and (6)
Meanwhile, Foreign Operations is principally fruits and vegetable trading in HongKong/China, Australia, and Europe.
Farmville was incorporated on June 2, 2010. It is primarily engaged in trading and sourcing of fruits and vegetables.
During the last quarter of 2010, ANI acquired the ownership interest in the company. Currently, ANI owns 51% of the outstanding capital stock of Farmville.
As for international distribution, ANI has the operation in Hong Kong/China, Australia and Europe. The Company has the following direct and indirect subsidiaries under its Foreign Operations: