Thai Company Invest 1 Billion Pesos for Coconut Processing Plant in Misamis Oriental

500,000 coconuts needs to support Thai World Group of Companies new processing plant in Misamis Oriental

The Philco Food Processing Inc. a Thai World Group of Companies affiliate is expected to open a P1-Billion Coconut Processing plant in Misamis Oriental. A 5.5-hectare facility are expected to open this july according to the report of philstar.com.

The company will produce coconut milk that will export to Thailand, United States and Europe which may needs about 500,000 coconuts as estimated for daily consumption to support the exportation.

Trade Secretary Cristina Roque said that the firm can give 1,500 jobs to the locals.

The Thai firm will help the country to become a hub for coconut processing in global value chain. It will help the coconut farmers also to have valuable produced as the demand of coconut may increase.

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