November 26, 2016 | Uncategorized | 0 Comments
DAVAO CITY — A Filipino-Dutch plastic manufacturer has signed up with Anflo Management and Investment Corp.’s (Anflocor) Anflo Industrial Estate (AIE) in Panabo City, the first locator outside the Floirendo’s group of companies.
Ricardo Luis Mateo F. Lagdameo, vice-president of the ecozone’s operator Damosa Land, Inc., said Phildutch Polymer, Inc. will start land preparation and construction of its manufacturing facilities by next month.
Target completion is within the first quarter next year and start of operations by the second quarter.
“We are happy that a Dutch company has given its stamp of approval for our park and ultimately for the (Davao) region. We look forward to more foreign and domestic locators to come in the next few months,” said Mr. Lagdameo in a press statement.
Phildutch Polymer, which produces engineering polymers like polymide, polycarbonate and other type of plastics, has been granted accreditation by the Philippine Economic Zone Authority.
The company sources its raw materials from Europe and the market for its products are manufacturers of car parts, hand tools and electric appliances based in China, Taiwan, Indonesia and Malaysia.
Mr. Lagdameo said Phildutch Polymer would be able to easily ship its goods within Asia through the Davao International Container Terminal (DICT), also an Anflocor company, located 200 meters from the 63-hectare AIE.
Phildutch Polymer was founded by Dutch entrepreneurs Frank Jaeckel and Henricus De Mol, who partnered with local businessmen Antonio Ferdinand Y. Maranon and son Gregory S. Maranon, members of the family behind Sagrex Corp.
The elder Maranon has been in the fertilizer and plastic business in the city for about 30 years and more recently ventured in the processing of food products like microwavable banana that are marketed in the Middle East and the US.
Mr. Lagdameo — grandson of the late Anflocor founder Don Antonio O. Floirendo, whose flagship firm is banana exporter Tagum Agricultural Development Company, Inc. (Tadeco) — said the goal of the company in setting up the economic zone is to help the Davao Region, largely dependent on the agricultural sector, draw more investors.
“When we try to develop a meaningful project in a province, we don’t look at it as only one type of industry. We want to look at it holistically and Region 11 is very well-positioned for different types of investments,” he said.
Apart from Damosa Land, DICT and Tadeco, the Anflocor group also has interests in packaging, trucking, and tourism facilities. — Carmelito Q. Francisco
Damosa Land: DamosaLand is one of the top real estate development companies in Davao, Philippines.