The agribusiness arm of Metro Pacific Investments Corp. (MPIC) in partnership with Israel-based LR Group will be investing around P800 million to P1 billion in a vegetable greenhouse facility. READ:
During the fresh farm’s groundbreaking ceremony on Monday, Metro Pacific Agro Ventures, Inc. President and Chief Executive Officer Jovy I. Hernandez said the facility will be able to supply 1,600 metric tons of vegetables a year.
“This greenhouse project in Bulacan is only the first step of launching and building a platform for a much larger advocacy. MPFF is but a part of a larger ecosystem that is set to fundamentally change how Filipinos eat,” he added. Manuel V. Pangilinan, MPIC chairman, president and chief executive officer, said: “We’ll make sure the prices are affordable and we’ll make sure that we are able to increase the supply of vegetables in Metro Manila.”
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