A micro, small and medium enterprise (MSME) export project worth Php1.46 million recently got the nod of the Board of Investments (BOI) as part of efforts by the agency to help MSMEs promote and export homegrown products.   

Through the BOI Regional Office in Cagayan, the BOI approved the project of KOR-Palm Agricultural Development Philippines Corporation (KADC) as an export producer of processed fruits with a maximum annual capacity of 120,000 bottles.  

Falling under the MSME category and being located in the coutryside, KOR-Palm’s registration approval was quick as it only needed the approval of the regional office.  “It has always been the priority of the BOI to help prospective entrepreneurs in realizing their businesses. We assure our MSMEs that we are always here for them.” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said. 

KOR-Palm is located in Carmen, Agusan del Norte and operations started on March 2021. The company produces processed fruits such as mango jam, pineapple jam, and coconut jam which it exports to Korea. 

KADC is a 100 percent Korean corporation since 2012 and it initially engaged in cassava and mango production. In 2019, it decided to engage in the processing and export of processed fruits to Korea. It outsourced the finished product of Carmen Mango Processing Facility (CMPF) to test the product marketability and profitability, an enterprise owned and operated by the local government of the Municipality of Carmen, Agusan del Norte. KADC also outsourced 8,160 bottles of mango jam from CMPF in June 2019, however, this is the only batch of mango jam outsourced and exported in July 2020 to Korea thru a third-party service provider.  

Recently, KOR-Palm decided to rent the old production building of CMPF owned by the municipality of Carmen and invested in its renovation and eventual production in compliance with Food and Drug Administration (FDA) standards. The firm outsources its fruits and materials such as sugar, bottle, and sticker from local suppliers. END