Packwell Inc., a Japanese company that manufactures paper-based packaging and containers, has signed an agreement to establish operations at the Floirendo-owned Anflo Industrial Estate (AIE) in Panabo City, Davao del Norte.
Under the deal, signed in Tokyo last week, Packwell will build a production facility in a 1.6-hectare area within the agro-industrial hub, according to a statement yesterday from Damosa Land Inc. (DLI), the property arm of the Floirendo group and operator of AIE.
Packwell, the 11th locator and the first Japanese firm in the economic zone, will “take advantage of Anflo Industrial Estate’s support facilities for manufacturing, warehousing, processing and exporting. Complete with world-class water and power systems, ample space, wide roads and logistical networks,” DLI said.
Other companies that have signed up for space within AIE are from the Netherlands, China, and the United States.
Packwell will start building its facility this year, its fifth after three other sites in Japan and one in China.
“This (Japanese facility) is expected to add job opportunities as well as to peripheral business opportunities in Panabo City and neighboring cities, constituting a big win for Davao del Norte and Mindanao,” the company said.
AIE, a 63-hectare agro-industrial estate accredited by the Philippine Economic Zone Authority, focuses on agro-industrial processing and light manufacturing.
Fiscal Incentives In PEZA-registered SEZs, qualified companies located inside the SEZ get a 100% tax exemption via a 4-6 year initial income tax holiday. Upon
Is safety an issue in Mindanao? For owners and executives of large companies that are searching for novel opportunities to expand business, this is a
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.
