Japanese firm joins Davao Investment Conference

AFTER announcing that it will expand its operations in Davao Region, Japanese manufacturing firm Packwell, Inc. will be participating in the 5th Davao Investment Conference (Icon) on June 20 to 21 at the SMX Convention Center, Lanang, Davao City.

In April, Damosa Land, Inc. and Packwell entered into an agreement on the manufacturer setting up operations at the Anflo Industrial Estate (AIE) in Panabo City, Davao del Norte.

A Facebook post of DLI first vice president Ricardo Lagdameo Monday, June 17, 2019 stated that Packwell chairman Masahito Hoshino and his team visited the industrial estate ahead of the Davao Icon.

Packwell's manufacturing site at the AIE will be its fifth in Asia and first in the Philippines. The Japanese firm will be putting up its factory on a 1.6-hectare lot in the AIE.

DLI, in a statement, said the entry of Packwell in Davao Region is "already an evidence of international interest."

"The interest of potential foreign investors to explore their opportunities in the Davao Region is steadily gaining ground," the homegrown real estate firm said.

Davao City Chamber of Commerce and Industry, Inc. (DCCCII) executive vice president John Carlo Tria earlier said they have received confirmation of foreign delegates from China, Singapore, Japan, South Korea, and Malaysia.

In a recent interview with DCCCII president Arturo Milan, he said some of the Chinese and Korean delegates have started to arrive in Davao City since last week.

"They (Chinese delegates) will be joining the Icon. There will be four different groups," Milan said in an interview with SunStar Davao on June 14, 2019 at the DCCCII office.

One the groups is based in Shanghai, China and is looking at opportunities in agribusiness. There is also a group from Jinjiang and Naning.

Milan also said the Korean delegation have already started to arrive in Davao City and met with some last week.

Organized by the DCCCII, Davao Icon theme this year is “Davao: Your Southeast Asian Investment Destination.”

Milan said through Davao Icon, they want to push for additional international flights from Davao City in a bid to spur the business environment of the city and the region. Qatar Airways is also expected to announce direct flights between Doha, Qatar and Davao City during the event.

Meanwhile, DLI's Lagdameo will be giving a presentation on the country’s Special Economic Zones and on opportunities for foreign investments to enter the Davao Region through AIE.


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