Two coconut producing and processing businesses in Quezon province have received P1.4-million worth of equipment from the Department of Trade and Industry (DTI).
The DTI, through its Shared Services Facilities (SSFs) program, provided P410,000-worth of auxiliary machineries and equipment for the coconut coir decorticating business of the Samahan ng Maliliit na Magsasaka sa Barangay Apad Lutao (Samaba).
The Samaba decorticating investment is expected to generate P4.2 million annual sales and 240 jobs, besides the 51 farmers employed who earn from selling coconut husks.
Samaba’s production will then be bought by the Cocos Nucifera Pacific Corp. (CNPC) in Calauag, Quezon province that will market the products to bulk buyers of coconut twines and geonets.
On the other hand, the Calauag Small Coconut Farmers Multi-Purpose Cooperative received P1-million worth of shared facilities from the DTI, mainly for its coconut sauce production.
The coconut sauce facility will improve the cooperative’s daily sales to P9,600.
Marilou Quinco-Toledo, DTI-Calabarzon regional director, said that the SSF project in the area aims to increase productivity and efficiency of the country’s coco coir industry.
The SSF program aims to provide equipment and facilities aid to cooperatives, businesses and small and medium enterprises to raise their productivity and competitiveness and to provide employment for inclusive growth.
The SSF project has a P700-million budget for this year.