A Japanese firm engaged in the processing of coconut by-products is set to invest millions at the Zamboanga City Special Economic Zone Authority and Freeport (Zamboecozone).

Christopher Lawrence Arnuco, Zamboecozone Chairman and Administrator, said Tokyo Tec Corp is putting up two factories in the last quarter of this year in a four-hectare area of Zamboecozone’s 1st Industrial Park.

Arnuco said one of the factories is for food production and the other one is for energy. The firm is set to complete next month the needed documents including Securities and Exchange Commission registration.

He said the entry of Tokyo Tec Corp will provide livelihood opportunities to farmers citing the firm would buy at least 100,000 coconuts daily to be processed. Go to full article at http://www.freshplaza.com/article/125948/Philippines-Japanese-company-to-invest-in-Zamboecozone