MANILA: The Board of Investments (BOI) has approved a PHP1.2-billion investment project of listed firm Monde Nissin Corp. for its automated manufacturing and processing of its butter coconut biscuits.
Data provided by the BOI Tuesday showed that this project was approved by the BOI Board last July 25 but has yet to be registered with the investment promotion agency.
‘The Board already approved the project but the firm is yet to submit pre-registration requirements, e.g., acceptance of the terms and conditions of their registration. They have not been issued the actual certificate of registration so they are not yet registered,’ BOI Executive Director Evariste Cagatan said.
The BOI said the manufacturing facility will be located in Brgy. Ilang, Bunawan, Davao City to cater to the Visayas and Mindanao markets.
Monde Nissin’s Davao factory is an addition to its existing butter coconut biscuits manufacturing plant in Sta. Rosa, Laguna for the Luzon market.
The Davao City project is expected to employ 111 reg
ular personnel.
‘Except for the manual preparation of raw materials, the whole butter coconut biscuits production and packaging of finished goods is fully mechanized using up-to-date and market appropriate technologies,’ the BOI said.
It added that for the packaging and movement of finished goods, the listed company will employ advanced automation technology, which will require highly skilled workers.
This project supports the Department of Trade and Industry’s (DTI) push for Industry 4.0 , or the use of digitization in the manufacturing sector.
Source: Philippines News Agency
