Friday, May 16th, 2014
MANILA, Philippines—Franklin Baker Co. of the Philippines, one of the world’s largest desiccated coconut producers, has acquired a coconut processing plant in Davao del Sur that could double its existing production capacity.
This acquisition formed part of the company’s global expansion strategy, designed to maintain Franklin Baker’s position as a pre-eminent supplier of quality coconut products to global markets, Franklin Baker president and CEO Jerry Lorenzo said in a statement issued Thursday.
“We are delighted to be making this investment and also recognize that this is an investment in the Philippine economy with the resultant positive impact on the local community and the potential for creating up to 1,000 new jobs locally in Davao,” Lorenzo added.
According to Franklin Baker, the Davao plant it acquired was already fully constructed and may double production capacity of desiccated coconut and coconut water concentrate.
The acquisition will also hasten “the company’s entry into other coconut-related products that have recently shown vigorous growth in the developed markets. Among these are coconut water, virgin coconut oil, coconut milk and coconut flour.”
“Demand for our products is unprecedented and we are making this investment in order to build for the future and to ensure that Franklin Baker continues to provide world-class coconut products to an ever expanding range of international customers,” Lorenzo said.
Franklin Baker operates two manufacturing facilities in the Philippines, located at San Pablo, Laguna; and Sta Cruz, Davao del Sur.
Both facilities have a combined annual capacity of 65 million pounds of desiccated coconut, and 4 million liters of coconut water concentrate or 60 million liters of single strength coconut water.
The company, formerly owned by General Foods and Kraft Foods, has been producing desiccated coconut and other coconut products for over 100 years and continues to supply coconut ingredients to the world’s major confectionery and bakery producers such as Kraft Foods, Hershey’s, Kellogg’s, General Mills and Nestle, as well as other major producers in Europe, Latin America, Asia and the Middle East.
It exports to over 50 countries worldwide, with the United States as its major market.
paint production line
ISO9001 international certificationProduct quality assurance
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Digos City and Davao del Sur Province - Page 40 - SkyscraperCity
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2014. 5. 12. - 댓글 8 - 작성자 8
THE Bureau of Investments (BOI) in Davao Region reported that ... Franklin Baker's existing Davao Del Sur Plant ... I guess they'll be acquiring the former CJ Toyota Factory in Brgy.
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South Phils BusinessAN
Pinoy love this … freshly picked from the tree these are sold anywhere be it on the street, the supermarket, the wet market … it is sold as cold drink still in the husk … it is chilled or frozen that vendors sell near offices, schools, parks and other places where people converge. They say it is medicinal … yes it is rich in electrolytes … and when one drinks this after too much sweating because of hard work like jogging running it brings back energy as one research that I read said. The business side of this is that a multi-national company operating right here in our region will bring this thirst quenching drink to the international market … an expansion of its operation here will not only bring the by-product of our Miracle Tree, the coconut, internationally but also more jobs for our fellow Pinoys … bring it on … ! Here’s my story …
Davao Sur coconut firm to produce coco water for int’l market
By Prix Digna D. Banzon
DAVAO CITY, April 10 (PNA) — With the high demand for coco water in the international market, Franklin Baker is expanding the operation of its plant in Sta. Cruz, Davao del Sur to producing a new product out of coconut.
Sta. Cruz Mayor Joel Ray Lopez disclosed on Thursday at the Davao Business Forum organized by DermPath, SM City Davao and San Miguel PureFoods that Franklin Baker is expanding its operation in their town for production of coco water.
Mayor Lopez said the company is finalizing negotiations with the Ayala’s for the acquisition of the property that was earlier leased to CJ Toyota Tsusho Philippines, Inc.
He said Franklin Baker is negotiating for the property that was earlier occupied by the CJ Toyota Tsusho Philippines, Inc. which company produces coconut sugar D-xylose out of coconut shell.
The Korean company however closed down due to technology problem that caused them tremendous losses.
Department of Trade and Industry (DTI) Davao del Sur provincial head Eulogio Orevillo said the negotiation is ongoing and the parties are already finalizing details.
“We see positive results with the negotiation undertaken by two parties,” he said.
Provincial Agri-Industrial Center (PAIC) administrator of Sta. Cruz town Camila Infuesto said Franklin Banwas first agri-industrial processing plant that located in their municipality.
The Sta. Cruz processing plant produces desiccated coconut which produce is exported to international market like the US.
She said new businesses or expansion of existing business is what our locality needs because this would also mean more jobs for the locals.
She said as indicated in their Investment Code, companies that locate in their municipality must employ residents of the area.
The entry of more businesses in Sta. Cruz gave their municipality a tremendous increase of the local revenue, she said.
She said from the P75.1 million income in 2001 it grew by 426 percent in 2013 as it generated an income of P196.765 million.
As shown in the graph, the town’s income from 2001 to 2007 recorded a very minimal increase but went up in 2008 with the entry of more businesses.
She said they continue to invite investors even as she said that they make sure that they maintain their reputation as a business friendly town. (PNA) CTB/Digna D. Banzon/ldp