Dole looking to double plantations-A A +A
Tuesday, April 22, 2014
DOLE Philippines Inc. (Dolefil) plans to double its plantations in the next five years or so to cater to the huge Asian market.
Lawyer Melquiades L. Hernandez III, director of the corporate affairs division of Dolefil, said during Tuesday's edition of Davao Business Forum at Dermpath in SM City Davao Annex, that after being acquired by Itochu Corporation of Japan, Dolefil was given the opportunity to expand in Asia.
Itochu Corporation fully acquired Dole Food Company's Worldwide Packaged Foods and Asia Fresh, which includes Dolefil, on the first quarter of 2013.
"Itochu has a food business and they found the opportunity to expand in Asia with the acquisition of the two main businesses of Dole," Hernandez said.
He said the company has already begun its expansion this year. They are looking at the areas of Sultan Kudarat, Davao del Sur, South Cotabato, and North Cotabato.
Hernandez said one of the strategies they are employing to expand their plantations is deploying Plantation Development Groups who will go to farmers and talk to them to become as one of the growers for Dolefil.
"They are much more aggressive now in their expansion because of the opportunity they have right now," Hernandez said.
Currently Dolefil operates around 16,571 hectares of both base plantation and private growers in Region 12.
The company produces around 25 million cases per year of processed pineapples and ship more than 13 million boxes of fresh pineapples.
Also around 95 percent of their production is exported in the Americas, Africa, and Asia.
Published in the Sun.Star Davao newspaper on April 23, 2014.