Cutflower firm gets investment perks

[Balita News Services]

CEBU CITY, July 8(PNA)-- The Board of Investments' (BOI) Cagayan
de Oro Regional office has granted investment incentives to Mirayon Inc.
as a new producer of various kinds of exotic cut flowers.

The project, which was granted non-pioneer status, will be
targeting both the local and export markets, according to a BOI
statement.

Miarayon Inc. will grow different kinds of cut flower such as
roses, chrysanthemums, liatris and gerbera at a capacity of 725,400
dozens yearly.

It will export 50 percent of its annual output to Japan,
Singapore, Hong Kong, Taiwan and Korea. The rest will be sold locally.

The firm will be managed by the Aberasturi family in Miarayon,
Talakag, Bukidnon, and it will provide employment to some 70 workers in
that province.

Once the firm expands production, it will encourage contract
growing of cut flowers and increase livelihood opportunities in the area.

The project will cost P20 million. Commercial operations will
begin by September next year.(PNA) jv/EB/FCE/ad/utb

PNA 07081340