Peter Paul Philippines, one of the leading exporters of high-value coconut products processed in the Philippines will be establishing a facility in Plaridel, Misamis Occidental which would process coconut into high value products such as Virgin Coconut Oil, Coconut Milk, Dessicated Coconut, and Coconut Water, among others.
The firm was formerly a subsidiary of US-based Peter Paul Inc. of Naugatuck, Connecticut when it began operations in Candelaria, Quezon in 1946 becoming one of the pioneering American companies in the country. It is now 100% Filipino owned and is expanding its operation to Mindanao due to increased demand for coconut products worldwide and the scarcity of supply in Quezon and the Bicol Region.
According to Mindanao Development Authority chair Manny Pinol, The entry of Peter Paul Philippines would provide an added market for coconut products from Mindanao which accounts for 68% of the total production of the whole country.
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