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Jul 29, 2016 @ 5:50

Big Japan chains planning ‘unagi’ factories in PH

A Japanese consortium composed of major food and storage companies is planning to invest $500 million (roughly P23.5 billion) to put up in the Philippines processing facilities for food and fish products, including the famous delicacy unagi (freshwater eel).

“The objective is to establish world-class facilities initially in Mindanao and Luzon as part of their food material sourcing, processing, storage and export to Japan,” the Philippine Aquamarine Resources Inc. (Pari) Thursday said in a statement.

Besides growing and processing eels, a favorite Japanese summertime delicacy, the facilities would also cater to handling fruits such as mangoes, coconuts, pineapples and bananas and other agricultural products such as vegetables and nuts.

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