Feed plants initiative in the Philippines
Two feed manufacturing projects with a combined project cost of P152 million (€2.19m) are being put up to serve the demand for agricultural, aquatic and marine feeds in the Philippines.
Approved by the Board of Investments (BOI) for registration and incentives availability are Dan Way Processing Corp. and 557 Feather Meal Corp.
Dan Way Processing Corp., a wholly-owned Filipino project, is investing P82.4 million (€1,19m) to set up a feed manufacturing plant in Barangay Bantog, San Miguel, Bulacan with a production capacity of 30,000 tonnes per year.
The plant will be equipped with steel silos for storage, equipment for producing pellets and crumbles, and special feeds using local raw materials.
The produce would be supplied to its clients in the area and the plant will employ 70 workers.
On the other hand, 557 Feather Meal Corp. is a Filipino-American venture that will invest P70.396 million (€1.014m) for the production of feed meal for aquatic and marine life species using agricultural wastes and by-products.
The project proponent will set up a facility in Concepcion, Tarlac that would process poultry wastes like feathers, carcass trimmings, condemned carcasses and other internal organs into digestible feeds.
The raw materials used in the production process are supplied by San Miguel Foods Inc., which is also the sole buyer of the company’s feed produce, on a toll manufacturing basis.
The project will start commercial operation in January 2010, employing 3,708 workers.
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