Century Pacific Agricultural Ventures Inc. (CPAVI), a wholly owned affiliate of Century Pacific Food Inc., has been granted approval by the Board of Investments (BOI) to put up a Pesos 245.7 million (US$4.8 million) coconut milk production line in its existing facility at General Santos City.
The new line, expected to commence in January 2018, is projected to produce up to 15.3 million kg of coconut milk annually. The coconut milk will be exported to Malaysia through Linaco Manufacturing Sdn. Bhd., a supplier and producer of coconut related products.
Century Pacific Food is one of Philippines’ largest food conglomerates and known for its popular products such as Century Tuna, 555 Sardines, Argentina Corned Beef and Swift Hotdogs amongst others.
Meanwhile, CPAVI is an existing BOI-registered enterprise engaged in the production of various coconut products such as coconut beverage and coconut shell, virgin coconut oil and coconut flour, mostly exported to the US and Europe.