Stockpile of Cocofiber

Our current production of cocofiber is small. The current machine can only produce 10 metric tons a month at full capacity. We are looking at capital investment this year with an estimated production output of 12,000 metric tons annually per plant with 5 production sites to be located in Calamba, Laguna, Catbalogan, Samar, and Santa Rita, Samar, Cagayan de Oro City, and Davao City. The export market for cocofiber is big. Our current orders range from 100 mt to 500 mt a month. The export market in China, Taiwan, and South Korea is around 150,000 mt annually.