THE Board of Investments (BOI) has approved the application for incentives of Jentec Storage Inc. for its P120-million cold-storage project in barangay Agusan, Cagayan de Oro City.
The project qualified for various incentives, including up to six years of income-tax holidays and duty-free importation of capital equipment.
The facility will be constructed in a 1-hectare lot and will have five cold-storage rooms with a total capacity of 225 metric tons (MT) per room and one convertible blast freezer with a storage capacity of about 20 MT, the BOI said.
It will cater primarily to the producers and traders of agricultural products and processed-food products in Northern Mindanao and the neighboring areas. Some of the intended clients are San Miguel Corp., Bounty Fresh Foods, Senior Pedro Chicken, Nestlé Philippines Inc. and Tsibiana Farms.
Start of commercial operation is expected to begin this month with a manpower requirement of 16 personnel. This is the firm’s fifth project to be registered under the BOI and their initial foray in Northern Mindanao.
Also qualifying for incentives is the P6.14-million project of Hardware Labs Performance Systems Inc. that involves the development and manufacture of water blocks to be located in Talayan Village, Quezon City.
Water blocks or water jackets are heat-transfer devices consisting of machined plates and/or blocks of metal that replaces heat sinks as a thermal management device.
Instead of using air, a water block has internal channels in which a coolant (water mixed with corrosion inhibitors, antifreeze chemical and ethylene glycol, diethylene glycol or propylene glycol) is pumped through and then acts as the medium of heat transfer. The coolant can then be coursed through a radiator or a cooling tower and then recycled back into the cooling loop.
Water blocks, as a stand-alone product, can also be configured for use in numerous applications such PC liquid cooling, power electronics, electrical, industrial and high-performance automotive applications. Finished products will then be exported to the United States, Europe and Japan.
Start of commercial operation is slated for this month. It will employ 24 personnel. Hardware Labs is owned by businessman Wilbert Yuque.
article by Max de Leon of Business Mirror