Mango processing plant
GOV.cn Thursday, April 26, 2007

PROJECT PROFILE

I. IDENTIFYING INFORMATION

Project : Mango Processing Plant
Project Site : MINDANAO / SARANGANI PROVINCE
Project Proponent : Mango Growers Association & LGU
Contact Person : Mr. Marfred J. Pranada
Business/Investment Consultant; and Professor, Entrepreneurs School of Asia
Manila (mobile: +63-922 8165568)
marfred@jcimanila.org
Estimated Project Cost : LGU/Province: P 1,000,000.00
Proponent: P 6,000,000.00
Investor: P 15,000,000.00
Total Project Cost: P 22,000,000.00

II. BACKGROUND

● Sarangani Province is one of the emerging sources of Fresh Mangoes in SOCCSKSARGEN;
● The average annual production over the last three years was computed at 11,624.268 metric tons valued at about P 174 million;
● Due to the perishability and seasonality of mangoes, they are often processed into mango nectar, puree, and dried mangoes for both local and foreign markets;
● Mango production abounds in the Municipality of Malungon, Alabel, Malapatan, Maitum, Maasim, and Glan whose total combined production area is estimated at 2,835.99 hectares;
● With the present information drive to plant more mangoes by government and private organizations, mango production is expected to increase in the next three to five years.

III. PROJECT DESCRIPTION

● The association will engage in the processing of mango fruit to produce mango nectar, puree and dried mango;
● From the association, products will be delivered to the wholesalers, retailers and institutional buyers;
● Mango Processing plant and facilities will be constructed in a privately owned property identified by the association in Malungon, 45 kilometers away from General Santos City;
● Raw materials will be provided by the members of the association and other fruit growers; most of these are just small farmers.
● Total manpower shall be more or less 50 people.
IV. COLLABORATION SOUGHT

The proponent is looking for local and foreign investors to finance the procurement of machinery and equipment, construction of building and market access.

V. PROJECT COST

Particulars Equity Investor
LGU Proponent
Land 5,000,000.00 -
Building - - 5,000,000.00
Processing Equipment - - 8,000,000.00
Working Capital - 1,000,000.00 2,000,000.00
Technical Assistance
1,000,000.00

TOTAL P 1,000,000.00 P 6,000,000.00 P 15,000,000.00
5% 27% 68%
Estimated Income after tax w/in 5 years P 24,799,810.40

Note: 1$USD≈48 Pesos

Editor: Letian Pan
Source: MOFCOM.gov.cn