CAGAYAN DE ORO CITY (PIA) — The Phividec Industrial Authority (IA) is holding a three-day open house from June 19–22 to showcase the products of its locators and attract more investors to locate at the Phividec Industrial Estate.
“We are celebrating the contributions of our locators, the development of the estate, and their contribution to the economy. We are featuring their products, and it’s also an opportunity for us to socialize with each other and celebrate the 50th anniversary of PHIVIDEC,” said Lawyer Joseph Donato Bernedo, Phividec IA CEO and administrator.
Various companies participated in the event, including Mindanao International Container Terminal Services Incorporated, Philippines Shell Petroleum Corporation, STEAG State Power Incorporated, Phoenix Petroleum Corporation, San Miguel Brewery Incorporated, Nutrimax Fresh-Baked Incorporated, Philippine Sinter Corporation;
Jacobi Carbons Philippines Incorporated, Corbox Corporation, Limketkai Manufacturing Corporation, Filinvest Development Corporation (FDC) Misamis Power Corporation, Venci Brokerage Group Incorporated, Tagoloan Polymedic General Hospital, and the European Chamber of Powers of the Philippines, among others.
Bernedo stated that this is Phividec IA’s inaugural open house. Established in 1974 through Presidential Decree No. 538, Phividec IA has a rich history of driving industrial development in rural areas. Over the past five decades, the authority has played a vital role in stimulating socio-economic growth across the countryside. Its core functions include land acquisition, infrastructure development, attracting businesses to the estate, and providing administrative and operational support.
At present, Phividec has 59 registered company locators, 50 of whom are local and nine foreign. A network of over 200 service providers further supports the estate.
Bernedo emphasized the authority’s commitment to attracting further investment. He highlighted ongoing projects that exemplify Phividec’s focus on progress, including the expansion of the Mindanao Container Terminal, the launch of a bulk water project, the development of 5,000 socialized housing units, and the promotion of initiatives that encourage locators to invest in renewable energy, among others.
“As we advance into a new era, our infrastructure must evolve to support sustainable growth. This includes everything from upgrading transportation networks, improving digital connectivity, and ensuring access to clean water and energy. By investing in modern infrastructure, we lay the groundwork for long-term progress,” Bernedo added.
Strong industry backing
The PHIVIDEC Industrial Estate Misamis Oriental Industries Association (PIE-MO-IA) voiced its full support for PHIVIDEC’s initiatives. Analiza Miso, representing FDC Misamis Power Corporation, a member of PIE-MO-IA, highlighted PHIVIDEC’s successful journey. “The 50th anniversary is a testament that PHIVIDEC has thrived and grown from all its challenges. We, the PIE-MO-IA members, are honored to be part of this incredible milestone,” she stated.
Miso also thanked the PHIVIDEC IA for the support extended to the estate’s locators and service providers, as well as its active contributions to societal betterment.
“We are also grateful that our respective companies, the company locators, and service providers here in PHIVIDEC-IA contributed to attaining PHIVIDEC’s vision and mission,” she added. (APB/PIA-10)
