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Korean company to set up coco charcoal plant

Sunstar Online Davao
July 14, 2007 

THE director of the National Economic Research and Business Assistance Center (Nerbac) of the regional office of the Department of Trade and Industry (DTI) revealed that a Korean-owned company is looking for a site in Davao City for the establishment of a coco charcoal processing plant. “This is a pioneering proposal from a Korean investor, having coco charcoal as their raw material,” said DTI-Nerbac director Teolulo T. Pasawa.

Pasawa said representatives of the Korean company, which he refused to mention, have been in Davao City since last week to scout for an area where the plant can be set up.

“We had a meeting with these representatives and we invited personnel from the Philippine Coconut Authority (PCA) and some coconut plantation owners to discuss prospective sites for this proposed project,” Pasawa said.

He said some 100 to 200 jobs will be generated should the project push through.

“Magkakaroon din ng value-adding sa charcoal which will result to the increase in the income of our coconut farmers all over the region,” Pasawa said, adding that the proposed investment will not only generate jobs for the people, but it will also improve the image of Davao City as an investment destination area in Mindanao.

Pasawa said Davao Oriental has the largest hectarage of coconut in Davao Region, but claimed that the investors were enticed to invest in Davao City.

“One of the attractions of the city to the investors is our water supply. The quality of water is seemingly critical in the operation of the proposed project and we have a good supply of water here. The investors are also assured of the stable power supply, and of course the relatively stable peace and order situation in the city,” Pasawa explained.

He further said that the investors have already checked a site in Panacan. However, it is not yet sure whether the proposed plant will be established in the area.

“They are still looking for a prospective site, I understand that the minimum lot requirement for the building is five hectares,” Pasawa said.

Filed under: Urban Developments in Davao

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