Del Monte invests P569M in Maguindanao
MAGUINDANAO – Del Monte Fresh Fruits and its subsidiary "Delinanas" are investing P569 million in the Autonomous Region in Muslim Mindanao (ARMM), particularly in Maguindanao.
The Del Monte development project was formally launched on Tuesday in Datu Abdullah Sangki town in Maguindanao.
ARMM OIC Governor Mujiv Hataman expressed his full support to the project which is aimed at boosting the region's economy, as well as uplifting the lives of residents.
The P569 million investment is said to generate employment for about 800 people.
One farmer who started working at the Delinanas' plantation shared that he is earning P6,000 a month. He said this is already a big help to his family.
About 200 hectares will be planted. The company is still legalizing the terms of renting another 350 hectares of land from its owners.
The harvest is expected in 34 to 36 weeks. The fruits may be exported to markets in Middle East, United States and South Korea.
Del Monte also plans to expand in towns of Parang, North Upi, South Upi and Datu Odin Sinsuat town in Maguindanao.
Del Monte Fresh Fruits started investment in n Datu Paglas town in Maguindanao several years ago, providing jobs to residents of the province.
The ARMM government hopes there would be investments in other provinces as well.