The Aurora Pacific Economic Zone and Freeport Authority (APECO) will have a fourth locator that will invest around P1.2 billion by leasing 5,000 hectares of land for bamboo planting.
The Kapwa Agroforestry Corporation (Kapwa) intend to develop the 5,000 hectares into bamboo plantation tapping together the local community to showcase the Filipino world-class bamboos.
At the signing of the Memorandum of Understanding (MoU) late Wednesday (27 March) at the BGC Seda Hotel, both APECO and Kapwa agreed that bamboo will soon emerged as the most sought construction material, replacing other variety of wood that will become scarce.
Pax Doromal, Kapwa’s President and Chief Executive Officer, said their partner, the Rizome Philippine is the leading manufacturer of eco-friendly bamboo building materials in the Philippines.
“Bamboo will soon be a replacement for wood, as a building material,” Doromal told DAILY TRIBUNE, pointing that ‘Rizome PH.’ is already exporting their bamboo products from their manufacturing plant in Cagayan de Oro.
Doromal also hinted that talks with local airport and hotel makers are also in the offing, for them to supply bamboo construction materials.
This news article, authored by Jing Villamente, was first featured on Daily Tribune on 28 March 2024. To continue reading, please visit the original publication on this link.