FIGARO Coffee System Inc. (FCSI) has formed a subsidiary to engage in the production of coffee for export.
Figaro Innovation and Development Inc. (FIDI), a wholly-owned subsidiary of FCSI, which is in turn the operating subsidiary of Figaro Coffee Group Inc. (FCG) has received certification for coffee processing from the Philippine Economic Zone Authority as an ecozone export enterprise authorized to engage in the production of various roasted coffee blends, including House Reserve, Espresso Blend, and French Roast.
FIDI’s operations will be based at the company’s facility located at Laguna Technopark-Special Zone, Binan City, Laguna.
FIDI was formed to drive innovation in food and beverage by developing pioneering products and processes. Their aim is to enhance operational efficiency for their clients while also promoting Filipino brands, products, and raw materials on a global scale.
As a registered entity, FIDI is entitled to a range of incentives, including income tax holiday, special corporate income tax, duty exemption and value-added tax exemption and zero rating.
