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Philippines : FTI unveils new thrust, future plans, and strategic roadmap.

The Food Terminal Inc. (FTI) at the moment operates as provider of: a.) prime industrial and commercial lots for medium-to-long term leases; b.) industrial buildings with standard-sized stalls ideal for office, warehouse or small-scale processing operations.

As the Food Terminal Incorporated continues its agro-industrial real estate operations in Taguig City, FTI remains faithful to its mission by providing leasable facilities and buildings that cater for the needs of food producers, manufacturers, exporters and other sectors in the food industry.

FTIs Evolving Five-year Strategy Map pans out the agencys direction towards becoming the leading food processing and distribution hub in strategic locations nationwide. FTI, in line with their strategic theme: Support to Economic Development Through Good Governance, unveils its plans to establish Regional Food Terminals (RFT) in select areas in the country.

The objectives of the RFT:

Improve the livelihood of farmers, producers and fisher-folks by providing modern facilities for their produce;

Enhance private sector participation, and encourage production of small and medium sized enterprises (SMSEs)

Reduce or end the dependence of farmers and producers to various layers of intermediaries

A key component of the RFT is the construction of Cold Storage Facilities. Efficient cold storage operations will reduce losses and spoilage that will be converted into additional income for the farmers. It will also increase food supply and generate good quality products for the farmers-producers and public in general.

With its new thrust, the company is committed into turning FTI complex into a globally-competitive agro-industrial commercial hub meeting international standards. (FTI)

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Publication:Mena Report
Date:May 16, 2019
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