Argentina firm plans to invest in seaweed processing in PH

Cahiles-Magkilat, Bernie

Date

December 19, 2017

Author

Cahiles-Magkilat, Bernie

Metadata

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Classification code

MB20171219_B-5

Excerpt

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.

Citation

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