AyalaLand Logistics [ALLHC 2.10, up 1.9%] [link] said that it will begin construction on three cold storages in 2024, with one facility in Luzon and the other two in VisMin. This is in addition to the two facilities that ALLHC will complete in H1/24. The ALogis Artico Santo Tomas facility (5,000 pallet positions) in Batangas will be finished by the end of March. The ALogis Artico Mabalacat in Pampanga Technopark (5,000 pallet positions) will be completed in Q2/24. Both of these facilities will cater to the frozen meat, seafood, and chemical industries. Once completed, the Santo Tomas and Mabalacat facilities will double ALLHC’s cold storage capacity to 20,000 pallet positions.