The manufacturing facility will be situated in Brgy. Ilang, Bunawan, and Davao City, targeting the Visayas and Mindanao markets
The Board of Investments (BOI) has approved a PHP1.2-billion investment project for Monde Nissin Corp, a listed firm in the Philippines, to facilitate the automated manufacturing and processing of butter coconut biscuits.
According to the Philippines News agency, The BOI Board approved the project on July 25. However, the investment promotion agency has yet to register the project as the firm has not submitted the necessary pre-registration requirements, such as accepting the terms and conditions of their registration.
Evariste Cagatan, BOI Executive Director stated, “The Board approved the project, but the firm is yet to submit the pre-registration requirements. They have not been issued the actual certificate of registration, so they are not yet registered.”
The manufacturing facility will be situated in Brgy. Ilang, Bunawan, and Davao City, targeting the Visayas and Mindanao markets. This Davao City project will complement Monde Nissin’s existing butter coconut biscuits manufacturing plant in Sta. Rosa, Laguna, serving the Luzon market. It is anticipated that the Davao City project will employ 111 regular personnel.
The BOI indicated that apart from the manual preparation of raw materials, the entire production and packaging process of the butter coconut biscuits will be fully mechanised using up-to-date and market-appropriate technologies. The listed company also plans to employ advanced automation technology for the packaging and movement of finished goods, requiring highly skilled workers.
This initiative aligns with the Department of Trade and Industry’s (DTI) advocacy for Industry 4.0, which emphasises the digitisation of the manufacturing sector.
