Damosa Land Inc. has offered to assist government and private sector in their vaccine rollout through its cold storage facility in Anflo Industrial Estate (AIE) in Panabo, Davao.
Ricardo Lagdameo, head of Damosa Land, bared this and other plans for the company which remains cautiously optimistic of 2021 prospects due to the new coronavius disease 2019 pandemic.
Lagdameo in a press conference last week said Damosa Land expects to operate in three months the first 1,000 -square meter phase for the cold storage which could handle 600 pallet positions .
While this is ideal for livestock and fruit companies both for existing and new locators, the facility is ready to accommodate vaccine storage especially as facilities in the region are full.
Lagdameo also said the company will proceed with the construction of its commercial building which will house its headquarters and tenants. The building will be operational by the third quarter.
Lagdameo said the company will also pursue landbanking activities in anticipation of expansion and new investors.
He said construction of ready-built facilities is ongoing.
“We had to reduce our capex… 2021 is not full recovery year. We are cautiously optimistic and hopefully (2021 will) be a much better year,” Lagdameo said.
With 7,000 sq.m. RBF space available, Damosa Land eyes to attract investors in agricutlure and light industries.
Damosa is targeting close to 1,000 workers by the end of the year from the current 600 employed by its 15 locator-companies.
About 33 hectares of the AIE have been developed including 2.1 hectares of RBF and warehouses and 2.06 km of roads.
Four locators were able to start their operations in 2020, including Davao Zhenzhi Corp., PMR Pallet Ltd. Co., Southern Harvest, and Connovate Philippines. Japanese paper packaging company, Packwell Inc. started construction in the park during the pandemic.
Some of the property’s local and international locators are Del Monte Fresh, Phildutch Polymer, PMR Pallet, Packwell and Manly Plastics.
Sister company Davao International Container Terminal Inc., a world-class port terminal facility just 300 meters away from AIE, is also currently expanding its berth and will be operational by March 2021.