Another good news for Filipinos, this project would foresee 8,000 people expected to be employed.
Some of the Japanese companies that are already looking for appropriate location in the country are; Nisshin Food Material Co. Ltd., Yamato Global Express Co. Ltd., Yamato Web Solutions Co. Ltd., Yamato Transport Co. Ltd., Showa Denko K.K. , Showa Denko Gas Products Co., Ltd., North Japan Trade Co. Ltd., Yuasa Trading Co. Ltd., Dai Nippon Printing Co. Ltd., Majend MAKCS Co. Ltd., Hokkaido Ajinomoto Co., Inc., MC Food Specialties Inc., Showa Sangyo Co. Ltd., Yokoyama Foods Co. Ltd. and Tomoechan Co.
Chairman and Philippine Aquamarine Resources, Inc. President and organizer, Renato V. Diaz, said these companies have formed local subsidiaries and are currently looking for good locations in the Philippines, including the export processing zones.
Reportedly these companies are planning to produce eel, flying fish, and tuna products to be cooked and packaged in the country then will be sold in Japan.
Chief Operating Officer of Nisshin Food Material Company Ltd, Naoyuki Ishikura, said they have already spent 20 million yen or P9 million as an initial investment.
Diaz also said these Japanese investors are expected to start their operation as soon as possible or at least in three years because they already have pending orders.
The need to export would reach up to 10 billion yen initially or $100 million of which eel will account for at least 6 billion yen. As we have known, Japanese people are a big fan of eel with estimated 30 billion to 40 billion yen market size.
Currently, the company Well Delight Corporation is already in partner with Japan of producing and exporting tuna and but may also be soon be part the eel production venture as well.
Source: ABS-CBN