P1.2-B Thai investment to boost Northern Mindanao coconut industry

P1.2-B Thai investment to boost Northern Mindanao coconut industry

MISAMIS ORIENTAL, Philippines – The Phividec Industrial Authority signed a 20-year lease agreement with a Thai-owned food conglomerate that will build a P1.2 billion food processing plant for frozen coconut meat and milk within the 3,000-hectare economic zone in Misamis Oriental. Phividec Administrator Joseph Donato Bernedo said the P1.2-billion plant project of the conglomerate Thai World Group would bring new life to 153,000 coconut farmers, l…

Global Demand for Coconuts on the Rise

The global demand for coconuts continues to rise, driven by trends in health, beauty and sustainability, says Minister for iTaukei Affairs Ifereimi Vasu. During the national Coconut Day celebration in Savusavu last Friday he said this opened new doors for coconut producers to expand their reach and secure lucrative market overseas. “In doing so, we are not only boosting the economic potential for our exports but also showcasing Fiji’s commitment…

Thai firm to build P1.2-billion coconut plant in Misor

TAGOLOAN, Misamis Oriental —The Phividec Industrial Authority on Friday has inked a 20-year lease agreement with a Thai-owned food conglomerate who would be building a P1.2 billion food processing plant for frozen coconut meat and milk in the 3,000-hectare economic zone in Misamis Oriental. Phividec Administrator Joseph Donato Bernedo said the P1.2 billion plant of the conglomerate Thai World Group would bring new life to 153,000 coconut landown…