The Board of Investments (BOI) has reported investment leads in Davao Region for projects worth some P11.57 billion.
BOI regional chief Gil Dureza said that investment leads are preliminary activities of companies before actually putting their establishment in place.
He said majority of the investment leads are usually realized.
The P11.57 billion investments are mostly scheduled for implementation this year and are expected to generate thousands of jobs for Dabawenyos, Dureza said.
He said the contemplated business ventures will be located in the provinces of Davao del Norte, Davao del Sur, Davao Oriental and Compostela Valley and the city of Davao.
Dureza however told business editors and reporters attending the MediSpa business forum that Davao Region failed to create 12,000 jobs due to the decision of certain cavendish banana companies to withhold their expansion plans because of uncertainty created by the advocacy of militant groups to ban aerial spraying in banana plantations.
Among the companies planning to put up multi-billion peso expansion projects are pineapple production in 2,000 hectares in Bukidnon by the Davao City-based Davco worth P2 billion; Sumifru expansion in 2,000 hectares worth P2 billion; Bongreen Bio Energy Project, P1 billion; CJ Corporation, P2 billion; Davao Doctors Hospital project, P1 billion in the next three years; Filinvest housing project, P1 billion; Kenram palm oil processing project, P400 million; Collier packaging plant, P400 million; Santos Land, P250 million; F. M. Soriano real estate project, P250 million; mining and trading, P200 million; 4 Tadeco plastic plants, P150 million; Bukidnon pineapple plantation, P150 million;
Costa Mex pineapple plantation; activated carbon, P120 million; GRCO mining project,P100 million; and several other projects worth P50 million each or lower.
Majority of the projects are in agriculture and housing, Dureza said.
The BOI man also reported that the new projects which h pushed last year generated a total of more than 7,000 jobs, a lot higher than the 4,600 jobs created the year before.
Dureza also monitors and follows up investments Region 12 (Central Mindanao).
Dureza released a partial list of BOI-registered companies in Region 11 in 2009.
They are SL Agritech Corp. capitalized at P140 million in the production of high bred rice seeds generating 5,756 jobs in Davao Oriental; 8990 Housing Development Corp. with capitalization of P428 million generating 280 jobs in Tugbok, Davao City; Western Feedmill Corp. with P50 million capital creating 11 jobs in Davao del Sur; Davao Fireboard Packaging Plant, Inc., producers of export corrugated boxes with P232 million and 185 jobs; Psoft, Inc. with P3.9 million software development company, with 10 employees; Invent Food Manufacturing, Inc. in commercial processing of herbal coffee with P104 million with 22 workers; Macondray Plastics, Inc., exporter of polypropylene banana cluster packaging with P40 million with 30 employees, in Davao City and Davao del Sur ; Freshmax Corp., producer of export cavendish bananas capitalized at P15 million generating 107 jobs in Compostela Valley province; Nakayama Technology Corp, new export producer of pet house worth P14 million; Western Feedmill Corp., producer of animal feeds, worth P90 million with 35 new jobs; Consolidated Plywood Industries, producer of export laminated finger joints, table tops, kitchen wares and ladder parts with capital of P31 million and KF Nutri-Foods International, new producer of banana chips with a capital of P15 million. [AMA]
BOI regional chief Gil Dureza said that investment leads are preliminary activities of companies before actually putting their establishment in place.
He said majority of the investment leads are usually realized.
The P11.57 billion investments are mostly scheduled for implementation this year and are expected to generate thousands of jobs for Dabawenyos, Dureza said.
He said the contemplated business ventures will be located in the provinces of Davao del Norte, Davao del Sur, Davao Oriental and Compostela Valley and the city of Davao.
Dureza however told business editors and reporters attending the MediSpa business forum that Davao Region failed to create 12,000 jobs due to the decision of certain cavendish banana companies to withhold their expansion plans because of uncertainty created by the advocacy of militant groups to ban aerial spraying in banana plantations.
Among the companies planning to put up multi-billion peso expansion projects are pineapple production in 2,000 hectares in Bukidnon by the Davao City-based Davco worth P2 billion; Sumifru expansion in 2,000 hectares worth P2 billion; Bongreen Bio Energy Project, P1 billion; CJ Corporation, P2 billion; Davao Doctors Hospital project, P1 billion in the next three years; Filinvest housing project, P1 billion; Kenram palm oil processing project, P400 million; Collier packaging plant, P400 million; Santos Land, P250 million; F. M. Soriano real estate project, P250 million; mining and trading, P200 million; 4 Tadeco plastic plants, P150 million; Bukidnon pineapple plantation, P150 million;
Costa Mex pineapple plantation; activated carbon, P120 million; GRCO mining project,P100 million; and several other projects worth P50 million each or lower.
Majority of the projects are in agriculture and housing, Dureza said.
The BOI man also reported that the new projects which h pushed last year generated a total of more than 7,000 jobs, a lot higher than the 4,600 jobs created the year before.
Dureza also monitors and follows up investments Region 12 (Central Mindanao).
Dureza released a partial list of BOI-registered companies in Region 11 in 2009.
They are SL Agritech Corp. capitalized at P140 million in the production of high bred rice seeds generating 5,756 jobs in Davao Oriental; 8990 Housing Development Corp. with capitalization of P428 million generating 280 jobs in Tugbok, Davao City; Western Feedmill Corp. with P50 million capital creating 11 jobs in Davao del Sur; Davao Fireboard Packaging Plant, Inc., producers of export corrugated boxes with P232 million and 185 jobs; Psoft, Inc. with P3.9 million software development company, with 10 employees; Invent Food Manufacturing, Inc. in commercial processing of herbal coffee with P104 million with 22 workers; Macondray Plastics, Inc., exporter of polypropylene banana cluster packaging with P40 million with 30 employees, in Davao City and Davao del Sur ; Freshmax Corp., producer of export cavendish bananas capitalized at P15 million generating 107 jobs in Compostela Valley province; Nakayama Technology Corp, new export producer of pet house worth P14 million; Western Feedmill Corp., producer of animal feeds, worth P90 million with 35 new jobs; Consolidated Plywood Industries, producer of export laminated finger joints, table tops, kitchen wares and ladder parts with capital of P31 million and KF Nutri-Foods International, new producer of banana chips with a capital of P15 million. [AMA]
