The Department of Agriculture (DA) said it inked a memorandum of understanding (MOU) with a local farmers’ group and a listed firm for the construction of a $200-million rubber-tire factory in Mindanao.

Under the MOU, the DA, Philippine Rubber Farmers Association (PRFA) and Phoenix Petroleum Philippines Inc. have agreed to invest in putting up the Pilipinas Agila Tyre Manufacturing (PATM). Agriculture Secretary Emmanuel F. Piñol said PATM is the first homegrown tire-manufacturing company.

“Other Asian countries have already established their own tire-manufacturing company, why can’t we also do that? A tire factory in the Philippines will also mean a stable income for the country’s growing number of rubber farmers,” Piñol said in a statement released on Wednesday.

The signing of the MOU was held in Malacañang and was witnessed by President Duterte and Trade Secretary Ramon M. Lopez on Tuesday.

Piñol said the DA would assist in conducting the preparatory activities for the establishment of PATM in Mindanao, including its feasibility study. “PATM would be a game changer in the local rubber industry.”

The DA said the construction of PATM would be facilitated by Phoenix in partnership with Finnish tire-manufacturing company Black Donuts Engineering Inc. (Black Donuts).

Under the MOU, PATM would source its rubber requirement from members of the PRFA.

In January Piñol invited the executives of Black Donuts to visit the Philippines for possible investments in the Davao and Cotabato areas, which accounted for a combined 42-percent share of the country’s total rubber output in 2016.

In an interview in January, Rodolfo L. Galang, interim executive director of the Philippine Rubber Research Institute—an attached agency of the DA—said the proposed 50-hectare rubber-manufacturing plant could produce at least 4 million tires a year. The tires are suitable for regular cars, pickup trucks and other small-type trucks, Galang said.

He said 40 percent of tire production is made of natural rubber, which averages around 10 kilograms per tire. The goal of producing 4 million tires per year would require at least 16 million kilograms of rubber, or 16,000 metric tons (MT) annually.

“We are producing enough yearly requirement, around 110,000 MT a year, but our consumption, according to our data, is only around 30,000 MT,” he said.

Mindanao accounts for 99 percent of the country’s rubber production, according to
government data.

Credits to:
By Jasper Y. Arcalas – MARCH 8, 2017
BusinessMirror
Article under Agri-Commodities
Image – www.gov.ph

Architect’s perspective. Lanang Premiere Doctors Hospital, Inc. (LPDHI) is seen to support the city’s medical tourism industry. It will rise within Megawold’s 11-hectare Davao Park District township project and set for groundbreaking on March 14, 2017. Photo by Ar. Raphael Tayactac.

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Suntrust Properties, Inc. will hold the groundbreaking ceremony of Lanang Premiere Doctors Hospital, Inc. (LPDHI), a 250-bed hospital component within its 11-hectare Davao Park District township project on March 14, 2017.

Speaking during the DermPath bizforum at SM City Davao on Tuesday, PNS Land Development, Inc. president Lemuel R. Podador and also chairman of the board of LPDHI said it will be a medical resort-type facility which, at P2.5 billion is seen to be a high-end hospital in the city.
The hospital is projected to

“It will have a spa and other wellness programs,” said Podador who added that the facility will also include a pool and helipad.

According to the LPDHI chair, the facility is expected to provide medical needs of Class A and Class B clients, especially those who reside at Davao Park District’s residential components, the One Lakeshore Drive and Two Lakeshore Drive.

However, he stressed a program will also be created for Class C type of patients.

“We should be able to support everybody, mapapobre ka man, mapadato ka man, naa na. (We should be able to support everybody regardless of their status in the society),” said Podador.

He said the construction will kick off at 2018 which will take one and a half year to two years to be completed.

“The first four floors will be fully operational by 2019 so that it will cater to initial services including laboratory, pharmacy, outpatient,” Podador explained in vernacular.

Podador also disclosed LPDHI operation will generate 1000 initial jobs and 5000 upon full operation.

Suntrust Properties, Inc. a 100 percent wholly-owned subsidiary of property giant Megaworld Corporation.

Pioneering LIVE-WORK-PLAY-LEARN township concept, Megaworld has allocated P15-billion in the next five to seven years to build and develop Davao Park District located at S.P. Dakudao Loop in Lanang, Davao City which used to be the Lanang Golf and Country Club. Davao Park District is envisioned to be Davao City’s central business district (CBD) and a major center for information technology and business process outsourcing (IT-BPO) in Mindanao.

Credits to:
By Jermaine L. dela Cruz – March 8, 2017
EDGEDAVAO

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