5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

MPIC unit opens 3.5-hectare Bulacan greenhouse complex

by
March 25, 2025
in Stock
0
MPIC unit opens 3.5-hectare Bulacan greenhouse complex
PHILSTAR FILE PHOTO

METRO PACIFIC Agro Ventures (MPAV), a unit of Metro Pacific Investments Corp. (MPIC), opened a 3.5-hectare vegetable greenhouse complex on Tuesday in San Rafael, Bulacan.

Metro Pacific Fresh Farms (MPFF) is planned for eventual expansion to seven hectares, MPAV CEO and President Jovy I. Hernandez told reporters.

The first phase of MPFF, consisting of six greenhouses, promises yields equivalent to five times those of traditional farms, promising up to 500 metric tons of fresh vegetables annually.

The farm can produce around 60,000 heads of lettuce each month.

Aside from leafy vegetables, the greenhouses also produce melons and tomatoes, among others, which will be sold under the brand name More Veggies Please.

“The vision behind these investments is an agriculturally independent Philippines,” MPIC Chairman, President, and CEO Manuel V. Pangilinan said.

“We want to help build a nation that’s capable of feeding all of its people.”

The greenhouse is equipped with technology developed by the LR Group, an Israeli agribusiness company.

The technology includes a nutrient film technique for leafy greens and drip irrigation systems for other types of vegetable, enabling efficient growing with less resources than in conventional agriculture. 

This allows vegetables to be grown using 90% less water and land, it said.

The greenhouses are designed to withstand typhoons as strong as Signal No. 4 in the Philippine storm warning classification, indicating winds exceeding 185 kph.

The MPFF facilities require less chemical pesticides and fertilizer, cutting exposure to contaminants by 90-99%.

Mr. Hernandez said MPFF removes middlemen from the value chain, with the produce — harvested every 27 days — directly delivered to its clients such as hypermarkets, hotels, restaurants, and food processors right after packaging.

Businesses can partner with MPFF in customizing their supply based on demand trends and customer preferences.

The company seeks to put up 10 satellite sites across the country in 10 years, according to Mr. Hernandez.

The Board of Investments granted the vegetable farm project green lane status in 2023 in recognition of its status as a strategic investment. — Kyle Aristophere T. Atienza

Previous Post

Israeli firms working on at least two PHL agricultural projects

Next Post

Peso sinks on tariff, Fed easing concerns

Next Post
Peso sinks on tariff, Fed easing concerns

Peso sinks on tariff, Fed easing concerns

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    HP rolls out AI tech fit for hybrid work

    HP rolls out AI tech fit for hybrid work

    July 14, 2025
    Stricter gambling payment rules eyed

    Stricter gambling payment rules eyed

    July 13, 2025
    Philippines ready for tariff talks with US this week

    Philippines ready for tariff talks with US this week

    July 13, 2025
    PSE hikes capital-raising target to over P186 billion this year

    PSE hikes capital-raising target to over P186 billion this year

    July 13, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.