BOI oks San Miguel Food’s P2.4-B meat processing project

The Board of Investments (BOI) has approved the registration of San Miguel Foods Inc.’s (SMFI) P2.4-billion meat processing project under the prevailing Investment Priorities Plan, which entitles the company to fiscal and non-fiscal perks.

In a statement yesterday, the BOI said SMFI was registered as a producer of whole dressed chicken and further processed chicken parts (marinated and deboned).

The company will put up two meat processing plants— one in Davao del Sur and the other, in Quezon.

The plant in Sta. Cruz, Davao del Sur would cost P1.3 billion while the project in Quezon would account for the remaining P1.1 billion. Both of these projects, according to BOI, will be a…

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