THAI-OWNED Charoen Pokphand Foods (CPF) Philippines Corp. is investing P10.55 billion for 20 new breeding farm projects, the Board of Investments (BOI) said in a statement Wednesday.
The new breeding farms will be established in Nueva Ecija, Isabela, Tarlac, Palawan, Ilocos Norte, Ilocos Sur, South Cotabato, Pangasinan, Southern Leyte, Surigao del Norte, and Negros Occidental. These projects are expected to create 1,250 jobs for local Filipinos.
The BOI said CPF will lease farms in these regions to breed parent stock pigs, producing thousands of weaned piglets each year. These piglets will then be transferred to wean-finish/grow-out farms in various locations until they reach market weight.
CPF Philippines will integrate a biogas system for waste treatment in each facility. It will invest in advanced farm equipment, including Climate Control Systems for pig buildings, feed silos and automatic feeding systems, central feed silo systems, farrowing pens and crates, gestation pens, and diesel and biogas generators.
CPF Philippines, a subsidiary of Charoen Pokphand Foods Public Company Ltd., is the first company to receive a Green Lane certification for agricultural projects since the initiative’s launch in 2023.
