Updated: Nov 6, 2019
Original Article Published in Business Mirror on October 3, 2019 Written By: Elijah Felice Rosales Article Link: https://businessmirror.com.ph/2019/10/03/damosa-wooing-more-mindanao-investors-to-anflo-industrial-hub/
DAMOSA Land Inc.’s premier industrial hub Anflo Industrial Estate Corp. is targeting to get more manufacturers to invest in Davao to follow through the over P17 billion worth of capital netted by the region last year. DLI Head Ricardo F. Lagdameo on Wednesday said Anflo is becoming a first option for firms wanting to locate in Mindanao. Multinationals, including Del Monte, are choosing the economic zone in Panabo City, Davao del Norte, as their expansion site for their local operations.
“After seeing what industrial parks in the country comprise of, we saw an opportunity to leverage our mother company Anflocor’s strength in agriculture and endeavor [to] take on the role as the industry’s innovator,” Lagdameo said in a statement.
According to Lagdameo, among the roster of locators operating in Anflo at present is Del Monte, one of the world’s largest agricultural firms. Japan-based Packwell, a global leader in the design and production of packaging paper used for famous brands, such as Godiva Chocolates and electronic cigarette IQOS, is also putting up its plant there.
On the local level, homegrown firm First Panabo Tropical Foods of Sagrex, famous for its export quality banana-based products, is also doing business in Anflo.
Manly Plastics Inc. agreed to occupy a 1.1-hectare space in Anflo. Manly is the plastic supplier for food and beverage items, hastening the production of packaging products in Mindanao, instead of sourcing them from distant Luzon facilities.
The partnership with Manly puts Anflo in touch with its clients, including Datu Puti, Gatorade, Boysen, Toyota, Nissan, among others.
Lagdameo said DLI is determined to get more firms to locate in Anflo in the face of rising capital inflow in the Davao region. Last year the region captured a total of P17.2 billion of investments, a figure seen to increase this year largely due to the presence of multinationals there that can promote the economic zone to foreign firms. With this inflow, Anflo, which is now on its second phase, has entered into 14 partnerships and is looking at getting more investors to locate in its zone.
“With Davao as a prime spot for trade and agriculture, we have foreseen that building facilities, such as economic zones, industrial estates and ready built warehouses, would also attract companies to come in quicker and more efficiently. Our familiarity with the landscape and expertise in leading their investments moving forward urges our potential partners to trust us with their valued assets,” Lagdameo said.
Locators in Anflo are estimated to generate about 6,000 jobs to the Davao labor force once all of the operations there are in full swing, contributing to the region’s manpower and employment rate of 96.9 percent.
Article Published on Business Mirror
Written By: Elijah Felice Rosales