A CHINESE plastic packaging company has signed a location agreement with an industrial zone operator in Panabo City, Davao del Norte, the industrial zone’s operator said.
Damosa Land Inc. said Davao Zhenzhi Corp. “leased a 2,000 square meter warehouse for plastic processing at the Anflo Industrial Estate in Panabo City, Davao del Norte.
“Their products are plastic packaging for agriproduce like bananas,” Damosa Land, which signed the agreement Wednesday, said.
The company becomes the 12th locator in the industrial zone.
Earlier, Japanese company Packwell Inc. also signed a lease agreement with the company for a packaging plant.
Arturo M. Milan, Davao City Chamber of Commerce and Industry, said representatives of both locators are attending the Davao Investment Conference.
Mr. Milan said half of the 600 delegates are foreigners. Twelve of them are ambassadors and six of them are from the European Union.
He added that the entry of foreign investors is an indication of the demand for industrial zones and industrial developments.
“Industrial zones are important for both local and foreign companies to get attracted,” he added.
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Southern Harvest, Inc., a banana chips processing company of Davao-based businessman Jam Abella and family holds its factory blessing at the 64-hectare Anflo Industrial Estate in Panabo City. The factory will soon begin its operations on July 27, 2020 processing Southern Harvest banana chips for export to Australia, Russia, and China.
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