PhilCo invests PHP1B in coconut plant, Misamis Oriental

PhilCo Food Processing, Inc., a subsidiary of the Thai World Group of Companies, is investing over PHP1 billion in a coconut processing facility within the Phividec Industrial Estate in Misamis Oriental.

PEZA has registered the project and expects construction to begin in October 2025 with commercial operations starting between December 2025 and January 2026.

The factory will produce 78,000 tons of ultra-high temperature coconut milk annually and frozen coconut meat for export to Thailand, Europe, and the United States.

PhilCo signed a lease agreement earlier this month for a 39,596-square-meter parcel of land within the industrial estate, aiming to create around 2,500 jobs.

The facility is expected to boost local agriculture by providing an additional market for coconut farmers in northern Mindanao and nearby provinces.