A. Brown Co. Inc. said it is incorporating a new entity that will be engaged in the processing, milling and refining palm oil.
Surigao Greens Agri Corp. (SGAC) will to produce crude palm oil, refined beached deodorized palm oil, palm olein, and other products.
A. Brown said SGAC will be incorporated for 12.5 million common shares, though it did not reveal how much the company will be capitalized.
This follows after the company started the construction of its irradiation facility in Tanay, Rizal.
The first commercial electron beam (e-beam) irradiation facility in the Philippines will be utilizing a new process that enables the treatment of goods using such e-beam technology.
E-beam irradiation is a processing and preservation technique where food or non-food products are exposed to accelerated electrons from electron beam machines. It is a globally accepted technology supported by the International Organization for Standardization (ISO), particularly ISO 11137, which is the international standard governing the sterilization of health-care products using radiation.
E-beam irradiation is used in more than 60 countries and is considered the most economical alternative among available commercial sterilization methods.
A. Brown earlier said the facility will ensure local products, fruits, and seafood exports meet international quality standards. – Ruelle Castro
