MACROASIA CORP. said its unit MacroAsia Recent Ventures, Inc. (MNVI) has launched an agricultural production project in Maragondon, Cavite, to support its inflight kitchens and food commissary operations.
In a disclosure on Thursday, MacroAsia said the project will likely be implemented after formalizing a service agreement with CoGrow Agricultural Services (CoGrow PH).
The initiative will supply a portion of the leafy vegetable requirements of its three kitchens, which support the corporate’s airline catering and commissary operations, it said.
MacroAsia expects the project to scale back procurement costs, mitigate exposure to cost volatility, and lower logistics-related expenses while improving reliability, quality control, and provide predictability.
Land preparation is scheduled for February, planting will follow in April, and the initial harvest is predicted by the top of May.
The corporate said the project will utilize a chosen portion of MacroAsia’s property in Cavite, where the Maragondon Water Treatment Plant can also be positioned, enabling productive use of land assets. The farm is projected to supply about 100,000 kilograms of leafy vegetables per yr, with output prioritized for internal consumption.
CoGrow PH is a social enterprise that focuses on transforming land for sustainable farm uses. It offers farm consultancy, development, and management services.
MacroAsia’s core businesses include aircraft maintenance, airline catering, ground handling, property development, and water utilities.
In a separate disclosure, MacroAsia said its subsidiary Poro Point Summa Water, Inc. has began the primary phase of operations on the Poro Point desalination treatment plant within the Poro Point Freeport Zone in San Fernando, La Union.
The commissioning follows the completion of the power’s construction and is a component of the corporate’s initiatives to offer essential water infrastructure while supporting special economic zones and industrial developments.
The Poro Point Freeport Zone, administered by the Bases Conversion and Development Authority, previously had no dedicated water utility or pipeline network. With the desalination plant now operational, locators throughout the zone could have access to potable water, and the power is predicted to enhance supply for adjoining areas as well.
The plant is designed with modular features, allowing for future capability expansion to satisfy medium- to long-term demand within the economic zone and nearby developments.
Initial water production has been accomplished, and business supply has began with Poro Point Agro-Industrial Development Company, Inc. as the primary offtaker.
Poro Point Summa Water is a completely owned subsidiary of Summa Water Resources, Inc., which is majority-owned by Allied Water Services, Inc., a unit of MacroAsia.
On the local bourse on Thursday, MacroAsia shares closed unchanged at P4.64 apiece. — Ashley Erika O. Jose