Argentinian food ingredient company Farmesa is investing around P300 million for a seaweed processing plant, making the Philippines its first production hub outside of Argentina, as the company expands its sourcing of seaweed in the Philippines. Trade and Industry Secretary Ramon Lopez, who attended the 11 WTO Ministerial meeting, has met with Agustin Perez, head of Farmea’s International Group, at the sideline of the ministerial meeting. “The Philippines will be their first manufacturing operations outside Argentina,” reported Lopez.

Cahiles-Magkilat, B. (2017, December 19). Argentina firm plans to invest in seaweed processing in PH. Manila Bulletin, p. B-5.