Duterte Gov’t Approves Construction Of P920 Million Cold Storage, Blast Freezing Facility In Taguig City
The Board of Investments (BOI) under the administration of
President Rodrigo Duterte has given the nod to the proposal of One Stop
Warehousing Solutions Inc. (OWSI), a subsidiary of Magsaysay Shipping and
Logistics, to put up a P920 million cold storage and blast freezing facility in
Taguig City.
It is qualified as one of the preferred activities under the
Agribusiness and Fishery category of the Investment Priorities Plan (IPP).
The facility is slated to be fully operational by August
2017 with an employment of 47 personnel.
It is expected to provide cold storage for up to 3.8 million
pallets annually with blast freezing for 4,380 pallets yearly.
The cold storage warehouse will have a total area of 13,333
square meters and 9,300 square meters solely for cold storage.
In addition, the facility will have 11 forty-foot container
bays and 12 small truck bays to maximize load and unload cargo efficiency.
“The project is expected to address the needs of the growing
food processing industry in the country. With the government’s renewed focus on
agriculture to boost food security, the demand for such facilities will
continue to grow,” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo
said.
Prospective clients of the facility are trading companies
and suppliers of products for hotels, meat traders and processors, distributors
of local marine products as well as multinational food and beverage firms.
Cold storage facilities are considered essential for storing
and preserving perishable products such as fish, meat, vaccines, cakes, fruits
and vegetables.
This project is the first cold storage and blast freezing
facility owned by OWSI.
The firm has been a trusted provider of warehouse management
by prominent food and beverage firms for the past five years.
It currently operates thirteen warehouses providing logistics
warehousing and inventory management.
Aside from warehousing, OWSI also operates three container
yards around the country, providing storage, stripping and stuffing, cargo
staging area and other related container yard services.
Plastic pallets will be used in compliance with the National
Meat Inspection Service (NMIS) regulation.
Source: Philippine Information Agency
Duterte Gov’t Approves Construction Of P920 Million Cold Storage, Blast Freezing Facility In Taguig City
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May 05, 2017
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