DAVAO CITY, Philippines—As businesses across the Philippines reel from the adverse effects of the COVID-19 pandemic, Damosa Land Inc.’s agro-industrial hub Anflo Industrial Estate Corporation (AIEC) in Davao del Norte is proving to be an oasis for strong economic activity with the hub opening an estimate of 400-500 new jobs after four more locators launch their operations this month.
Local companies Southern Harvest, Inc., a banana-chips processing and packaging company, Foam Pack, a foam manufacturing company that produces foam products used in the agricultural industry, PMR Pallet Ltd. Co., a pallet manufacturing company, and Connovate Philippines, a corporation that uses high-performance concrete building technology for construction, are the newest addition to AIEC’s 15 local and international locators represented by 5 nations: Philippines, Japan, China, the Netherlands, and the United States.
Among the previous locators in the 63-hectare, Philippine Economic Zone Authority-approved agro-industrial estate are Packwell Inc., Del Monte Fresh Produce Philippines, Phildutch Polymer Inc., Manly Plastics Inc., and Davao Zhenzhi Plastics Corp. whose products are primarily focused on agriculture and packaging.
“Even amidst the pandemic our nation faces, AIEC continues to see a boom in construction, with most new locators on track to open their facilities by the end of the year. In fact, we have been receiving more inquiries during the ECQ period and onwards compared to the 1st quarter of 2020,” said Damosa Land Inc. (DLI) head Ricardo “Cary” Floirendo Lagdameo. “This bodes well for the area as it is bound to help spur economic activity and provide much-needed opportunities during such uncertain times.”
Lagdameo said AIEC ecozone locators continue to open their doors to job seekers despite the pandemic in stark contrast to job losses experienced in major centers in Luzon and the Visayas. He also mentioned that despite the current situation, locators find that Mindanao, AIEC specifically, remains an attractive investment destination because of its world-class infrastructure, services, utilities, and strategic location 300 meters away from the Davao International Container Terminal, the third highest in foreign container traffic in the country.
AIEC has already closed 19 partnerships and is targeting several more. In total, this could potentially generate around 6,000 jobs, and help solidify Mindanao’s status as the food basket of the Philippines. Mindanao accounts for 40% of the country’s food requirement and 30% of the food trade.
“Around 500 jobs are now available and more work opportunities should become available in AIEC as new facilities operate before the year ends,” said Lagdameo. “We remain optimistic about the revival of Mindanao’s economy, and that these new locators will definitely invigorate the local economy and give hope to those greatly affected during the pandemic. The opening of four more business factories will provide a positive impact to the city and the surrounding region as this shows that there are still investments and job opportunities coming into the region.”
Just recently, Southern Harvest, one of AIEC’s new locators, opened job opportunities to over 150 workers as they launched their production. The goods produced here will be exported to various countries.
Meantime, the nearby Davao International Container Terminal (DICT), which is a sister company of AIEC, is operating at full capacity, hardly showing any sign of economic slowdown brought by the pandemic. The 15-hectare seaport has an annual capacity of 800,000 twenty-foot container units, the standard measure for containerized cargo.
DICT is a joint venture between Anflo Management and Investment Corp.(AMIC) and Dole-Stanfilco, the leading producers and exporters of fresh Cavendish bananas in the Philippines. AMIC is a major shareholder in both DLI and DICT.
About Anflo Industrial Estate
The Anflo Industrial Estate (AIEC) is a 63-hectare industrial Special Economic Zone registered under the Philippine Economic Zone Authority (PEZA). It is the Philippines’ Premier Agro-Industrial Hub. AIEC is positioned and designed to further develop the vast potential of the agro-industry of the Davao Region and Mindanao by providing a ready market for the region’s agri-produce and efficiently exported to the rest of the world.
About Damosa Land
Damosa Land, Inc. (DLI) is a premier real estate and agro-industrial developer in Davao, under the property development arm of the ANFLOCOR Group, which has been at the forefront of development in Mindanao. DLI continues to evolve into a company with intense pursuits of achieving valuable innovations in the real estate industry. Powered by an inspired, dynamic and proactive organization, Damosa Land, Inc. assures Mindanao of enhanced real estate experiences for years to come.