September 13, 2025 | 12:00am
MANILA, Philippines — An affiliate of Thai World Group of Corporations has signed a registration settlement with the Philippine Financial Zone Authority (PEZA) for a P1.1-billion coconut processing facility.
PEZA director common Tereso Panga and PhilCo Meals Processing Inc. director Buncha Punyatanakorn signed the registration and supplemental agreements for the agency’s coconut processing venture in Tagoloan, Misamis Oriental.
Building of the power is underway, with operations anticipated to begin late this 12 months or early subsequent 12 months.
PEZA mentioned the coconut milk and juice manufacturing facility is anticipated to generate over 700 jobs.
By means of the power, PhilCo might be producing coconut milk to be exported to Thailand, the European Union and the US.
Earlier, PhilCo additionally signed a 20-year lease settlement with PHIVIDEC Industrial Authority for the power.
Panga mentioned the agency’s funding indicators a stronger push for agricultural and agro-industrial progress.
The funding is anticipated to learn native coconut farmers by the creation of stronger market linkages and demand.
Based on Panga, the funding of this scale creates a multiplier impact within the countryside by creating jobs and enhancing competitiveness.
As well as, the nation is anticipated to learn from the funding when it comes to stronger expertise switch, expanded export alternatives, in addition to better international recognition of its coconut merchandise.
Thai World Group provides high-quality Asian meals elements to over 70 international locations.
