DEL Monte Philippines, a leading agribusiness corporation in the Philippines, has planned to undertake a large-scale temporary farming for papaya and pineapple production.
It has expressed interest in locating at Phividec Industrial Estate in Misamis Oriental.
The farm presents a significant business opportunity to generate revenue, create
jobs and enhance community development within the zone.
The proposed temporary faming area is composed of 226.4 hectares, more or less, that is in accordance with the temporary farming policy of Phividec Industrial Authority.
The papaya production is 107.1 hectares while the Pineapple Production is 119.3 hectares.
The lots shall be utilized exclusively for cultivation, harvesting and marketing of papaya and pineapple crops in accordance with their submitted agricultural plan to Phividec Industrial Authority.
Del Monte has already registered as a Phividec Industrial Authority locator to be able to do business inside the estate.
The strategic partnership aimed at bolstering operational efficiency and industrial investment within the region.
This collaboration will ensure that both parties continue to operate in alignment with national development goals and regional economic strategies.
This partnership is expected to generate significant economic benefits for Misamis
Oriental, reinforcing the Phividec Industrial Estate as a vital hub for industrial and agro-industrial investments in Mindanao.
Del Monte initiates farming scheme at Phividec estate
