AsianetApril 9, 2013 11:19
Van der Knaap Group of Companies, a Netherlands-based firm specializing in rooting growing media for horticulture, will invest an initial $ 1.5 million (P61.5 million) to set up a coco peat processing business in the Philippines.
Dinesh Fernando, managing director of Euro Substrates (Pvt) Ltd. Sri Lanka, said the company will establish operations in Mati, Davao in Mindanao. Euro Substrates is a subsidiary of Van der Knaap.
“We see the market growing,” he said in an interview on the sidelines of the recent National Coco Coir Summit in Lucena City.