Mighty Corporation Growth to Benefit Local Farmers

Filipino-owned cigarette manufacturing company Mighty Corporation or Mighty Corp announced recently that it will increase its yield on local tobacco leaves purchases to help an estimate of three million farmers and their dependents in the Ilocos and Cagayan Valley region.

According to Mighty Corp Executive Vice President Oscar Barrientos, the company’s domestic market share dramatically increased from 5% in 2012 to 20% in 2013.

“We have earned our fair share of the market by making affordable cigarettes sold to the mass market.  We’re proud of our modest success coming from a home-grown and Filipino-owned cigarette company,” said Barrientos, who also acts as the official spokesperson of Mighty Corporation.  “With a bigger share of Mighty Corp in the market today, we are giving the tobacco farmers a fair share of our success by offering competitive prices to their crops,” he added.

Mighty Corp has championed the cause of Filipino tobacco farmers since its conception by buying a large volume of low-grade tobacco leaves at great prices.

“Last year, we have bought even the low-priced tobacco leaves.  Had Mighty Corp not done that, it would have created a problem for tobacco farmers,” Barrientos claimed. “We are happy to offer better prices to tobacco farmers and are willing to tie-up with the Department of Agriculture and the National Tobacco Administration to cement our partnership with the farmers.” he added.

Barrientos also said that aside from the tobacco farmers, the whole country benefits from Mighty Corp’s business growth and success.

“Our contribution is in the form of taxes, which helps in the development of the country. We also employed more factory workers. Now, we have more than 2,000,” he said.

Mighty Corp is also expanding its corporate social responsibility projects through the Wong Chu King Foundation to help tobacco cooperatives increase their production.

“As far as CSR is concerned, we will have irrigation pumps in their area and provide mini tractors. This will come in the form of grant. We will have scholarship grants,” he said.

Barrientos assured the public that Mighty Corp has a long-term plan to further improve its market share to better help hundreds of thousands of tobacco leaf growers’ workers in the country.