The P10.5-billion breeding farm and pig fattening projects of Charoen Pokphand Foods (CPF) Philippines Corporation has been awarded Green Lane status, ensuring faster documentation processing for its registration and boosting stable hogs supply in the country.
The Thai firm is the first company to receive a Green Lane certification for agricultural projects since the initiative was launched by the Board of Investments (BOI) in 2023.
CPF will establish 20 new breeding farm projects in various provinces across the Philippines, including Nueva Ecija, Isabela, Tarlac, Palawan, Ilocos Norte, Ilocos Sur, South Cotabato, Pangasinan, Southern Leyte, Surigao del Norte, and Negros Occidental. These projects are expected to create 1,250 jobs for local Filipinos.
It will lease farms in these regions to breed parent stock pigs, producing thousands of weaned piglets each year. These piglets will then be transferred to Wean-Finish/Grow-out Farms in various locations until they reach market weight.
To ensure environmental sustainability, CPF Philippines will integrate a biogas system for waste treatment in each facility. Additionally, the company will invest in advanced farm equipment, including Climate Control Systems for pig buildings, Feed Silos and Automatic Feeding Systems, Central Feed Silo Systems, Farrowing Pens and Crates, Gestation Pens, and both Diesel and Biogas Generators.
CPF Philippines is a subsidiary of Charoen Pokphand Foods Public Company Limited (CPF), one of Thailand’s leading agro-industrial and food conglomerates. In the Philippines, CPF is a key player in the agricultural and food sector.
Secretary Frederick D. Go of the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPEIA) and Trade Undersecretary and BOI Managing Head Ceferino Rodolfo presented the Green Lane Certification to Mr. Sakol Cheewakoset, Chairman and President of CPF Philippines Corporation, during an awarding ceremony held at the BOI Office on November 15.
Go emphasized the government’s commitment to supporting CPF’s investments. “We are proud to support projects that not only bring significant economic benefits but also strengthen our agricultural sector The Green Lane Certification underscores our commitment to fast-tracking investments that will boost agricultural productivity, create jobs, and drive sustainable development across the country’s regions,” Go said.
For his part, Cheewakoset expressed gratitude for the ongoing backing from Philippine authorities.
As of 14 November 2024, the One-Stop Action Center for Strategic Investments has certified a total of 167 projects worth Php 4.457 Trillion. The establishment of Green Lanes, introduced through Executive Order No. 18 in February 2023, aims to accelerate and simplify the permit and licensing processes for strategic investments, driving economic growth and innovation in the Philippines.
