VILLANUEVA, Misamis Oriental — The PHIVIDEC Industrial Authority will sign a 25-year lease agreement with an Australia-based food company next month, authorizing the construction of a P339-million, 3-hectare manufacturing facility within the estate.
PHIVIDEC Administrator Joseph Donato Bernedo announced that he will finalize the agreement with Newly Weds Foods Australia next month. The company plans to build its plant on a one-hectare site in Barangay Mohon, Tagoloan town.
Newly Weds Foods Australia, which operates across the Asia-Pacific, produces food ingredient blends such as batters, seasonings, and confectionery mixes. The project is expected to generate jobs for residents of Misamis Oriental.
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“This is a significant investment from Australia. We hope it will attract more investors to PHIVIDEC,” Bernedo said.
The planned facility will be the latest addition to a growing list of locators in the estate. Gardenia Bakeries Philippines opened its two-hectare plant in 2019, producing around 130,000 loaves and buns daily.
In 2024, Philco Food Processing Inc., a subsidiary of Thailand-based World Group of Companies, invested P1 billion in a coconut processing facility within the estate, projected to generate about 2,500 jobs.
Bernedo said PHIVIDEC generated P1.4 billion in revenues in 2025 from at least 60 operating firms—up from P1.1 billion in 2023.
“Our revenues continue to grow steadily, reflecting strong investor confidence,” he said during the 3rd PHIVIDEC Industrial Authority Open House.
PHIVIDEC Industrial Estate Misamis Oriental President Jerome Soldevilla highlighted the estate’s reliable power supply as a key draw for investors.
Two power firms—SPI Power Inc. and FDC Misamis Oriental—currently supply a combined 637 megawatts of electricity to industries within the estate.
“This ensures readily available power, which is one of our major advantages in attracting investors,” Soldevilla said.
