TACLOBAN CITY – Lured by the country’s abundant resources which is becoming a popular investment haven, another Chinese company has again signified interest to set up an activated carbon processing plant in the Philippines.
           
This was learned from Edilberto Nierva, regional manger of the Philippine Coconut Authority (PCA), referring to the letter he received from the Board of Investments (BOI), an agency attached to the Department of Trade and Industry (DTI) that is responsible for the promotion of foreign direct investments in the Philippines.
           
According to Nierva, a Chinese company named Guangxi Orient Daitonz Import and Export Co., Ltd is planning to set up an activated carbon processing plant in the Philippines. The specific location where they would locate, however, has yet to be determined.

“The BOI has already been receiving a lot of inquiries coming from this Chinese company signifying interest to put up its investments here in the country’s that why this letter was sent to me as the region ranks second among the country’s biggest coconut producing regions,” Nierva said.

According to Nierva, the BOI is requesting him to provide them the necessary data about the coconut industry in the region including a list of the associations or suppliers in Eastern Visayas who can possibly serve the future requirements of the said company.

The raw materials needed for the operations of the company are coconut husks and coconut coir and residue, which are byproducts of coconut oil millers and coconut meat processors.

Once established, the company plans to export its products to the United Stated, Europe, Japan and China also.

Nierva also said if this company has not yet decided a particular place where to place their processing plant, he would make dome initiatives to invite the said company to invest in the region.

He said there is already one activated carbon processing plant that is now about to operate in Ormoc City owned by a certain Jacky Chan, also a Chinese investor.