Anflocor to invest P1 billion in Panabo ecozone

Anflocor to invest P1 billion in Panabo ecozone

February 4, 2016 Industrial 0

Business World Online

By Carmelito Q. Francisco and Maya M. Padillo, Correspondents

PANABO CITY — About P1 billion will be invested by the Anflo Management and Investment Corp. (Anflocor) for the development of its 63-hectare Anflo Industrial Economic Zone here, while locators are expected to bring in at least P10 billion more.

panabo industrial hb

Shovels and a backhoe are ready for use during the groundbreaking ceremony on Feb. 1 for the 63-hectare Anflo Industrial Economic Zone in Panabo City. — Lean S. Daval, Jr.

Ricardo F. Lagdameo, head of the economic zone project and vice-president of Anflocor subsidiary Damosa Land, Inc., said several companies have reserved space in the economic zone, which has 60 lots for sale or lease at between 4,000 and 5,000 square meters.

“About 25% to 30% (have been committed to buyers),” said Mr. Lagdameo during the news conference following Monday’s groundbreaking ceremony for the complex.

During the event, the company also formally signed the agreement with the Philippine Economic Zone Authority (PEZA) for its accreditation, which will allow locators to avail of investment incentives.

Mr. Lagdameo said 53 hectares of the complex is PEZA-registered.

PEZA Director-General Lilia V. de Lima, in her speech at the event, said the Anflo Industrial Economic Zone enjoys proximity to port facilities.

“The advantage of the PEZA here is the port is just there. The difficulty for (setting up) manufacturing is you need the facilities and infrastructure. You need to be close to a port, need to have good roads, etc. This (port) could be a magnet (for investors), so that they don’t have to think of trucking and logistics,” Ms. De Lima said.

Adjacent to the economic zone is the Davao International Container Terminal (DICT), which is owned and managed by the Anflocor group.

DICT will be occupying a nine-hectare area in the ecozone.

Ms. De Lima also said the economic zone could boost the agriculture sector by hosting processing plants for various plant and animal products.

“The locators might want to produce or process vegetables and fruits that are not available here yet,” she said.

Anflocor President and Chief Executive Officer Anthony Alexander N. Valoria, in an interview on the sidelines of the event, said poultry is one sector that could expand through the ecozone.

“This (ecozone) represents opportunity for the poultry industry to set up their operations here for export to Japan, China, Korea, and other places,” Mr. Valoria said, noting that the Philippines remains certified as free from avian flu.

Ms. De Lima said exporters of agricultural products should take full advantage of the country’s Generalized Scheme of Preferences Plus (GSP+) status granted by the European Union in December 2014.

“Only the Philippines and Pakistan in the whole of Asia (have GSP+ status), and we have to take advantage of that, which will be good for the next 10 years and I’m sure that export products can be included in the no tariff list,” she said.

Mr. Valoria said the Philippines could strengthen its global competitiveness by expanding the agro-industrial sector.

Damosa Land

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Damosa Land: DamosaLand is one of the top real estate development companies in Davao, Philippines.