Century Pacific Food buys Mindanao coco processor

Quick Summary:

Tuna canner Century Pacific Food Inc.(CNPF) on Thursday said it acquired Coco Harvest Inc., which owns a coconut processing facility in Misamis Occidental, for about $40 million.

Our coconut business, encompassing both domestic and export, has grown substantially these past few years on the back of burgeoning trends in health and wellness.

These seedlings replace low-yielding, senile coconut trees, “thereby increasing farm productivity, boosting smallholder farmers’ income, improving their livelihoods, and supporting long-term coconut supply.

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Article Details

Author / Journalist: VG Cabuag

Category: BusinessStartups

Markets: Philippines

Topics: Capacity Business Cnpf Harvest Facility Million Farmers Company Coconut Coco Capability

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-05 @ 16:06:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 537 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22377988

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News Last Updated: 16 hours ago

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