At least Php1.5 Billion worth of new investment is set to be established in South Cotabato as business climate becomes favorable that can spur economic growth, and create job opportunities leading to the quality of life of its people.
South Cotabato Reynaldo S. Tamayo Jr. is steadfast in his commitment to bring progress to the people by making efforts to attract more investors to come in the province.
Based on the report from the South Cotabato Economic and Investment Promotion Center (SCEIPC) headed by Mr. Dennis D. Gasendo, Charoen Pokphand Foods Philippines Corporation, a subsidiary of Thailand’s largest conglomerate CP Group and Nutrihogs Corporation, sister company of Gensan Feedmill Inc.- one of the biggest feed manufacturers in Mindanao located in Polomolok, South Cotabato, is set to expand the operation of their joint venture to 1.5 Billion Pesos.
This cooperative endeavor is about to establish a one-billion-peso wean-to-finish and broiler breeding facility on a 36-hectare land in Tantangan, South Cotabato in 2023-2024, in addition to the nearly 500 million Peso Polomolok hog breeding facility that just begun operations.
This development is expected to strengthen the Province’s socio-economic direction in favor of job possibilities, sustainable food production and rising demand of agricultural farm produce.
Nutrihogs General Manager Pascita David said that their feedmill currently requires huge quantities of raw materials such as cassava, yellow corn, limestone, soya and others which can be sourced from the local farmers within the province.
As new investment keep pouring in, potential investors these investors are set to avail of the incentives based on the Investment Code of the province.