The Philippine Economic Zone Authority (PEZA) said it has signed a registration agreement with agricultural products supplier Superseed Agriculture Corp. (SAC) for the company’s manufacturing facility in Laguna.
Agri supplier registers with PEZA for Laguna facility
(Left) SAC President Natalie Uy and PEZA Director General Tereso Panga (PEZA photo)
The agreement, which recognized SAC as an ecozone domestic market enterprise, was signed last week at PEZA’s head office in Pasay City.
PEZA said the Filipino-owned company will establish its food processing facility at Greenfield Automotive Park-Special Economic Zone in Santa Rosa City, Laguna.
Set to begin operations this year, the company will specialize in the processing of various agricultural commodities such as nuts, seeds, beans, and spices.
SAC President Natalie Uy has committed to prioritizing local farmers for the sourcing of these products that are distributed to local markets and even exported to foreign clients.
“If we can source locally, we can cut down wait times, reduce costs, and most importantly uplift the livelihoods of our farmers,” she said.
PEZA, an investment promotion agency (IPA) attached to the Department of Trade and Industry (DTI), said SAC has pledged to invest more than ₱6 million for new equipment in the facility.
In turn, SAC’s registration with PEZA allows the company to avail of income tax holiday (ITH) and other fiscal perks.
The company has projected to reach ₱72 million in sales in its first year as a PEZA-registered firm.
As an agriculture enterprise, PEZA Director General Tereso Panga stated that SAC’s registration with the IPA is a “rare but very encouraging development.”
Panga said the agency is actively pursuing expansion efforts in the agriculture sector, particularly companies that aim to modernize their operations to elevate product quality.
The official said companies that are looking to tap the global value chain are welcome to be part of PEZA’s fold.
“We look forward to seeing our local producers become exporters, and we fully support efforts that empower our local farmers,” he said.
Panga noted that the agreement with SAC is a key step in the government’s push for the country’s agro-industrial transformation.
This, he said, will push PEZA to further empower local firms at the spotlight in building a strong, modernized, self-reliant agricultural sector.