One Stop Warehousing Solutions Inc. secured tax incentives from the Board of Investments for its P920-million cold storage and blast freezing facility in Taguig City.
The BoI said the project qualified as a preferred activity under the Agribusiness and Fishery category of the Investment Priorities Plan. The facility is set to be fully operational by August and will generate 47 jobs.
It is expected to provide cold storage for up to 3.8 million pallets annually with blast freezing for 4,380 pallets.
The cold storage warehouse will cover 13,333 square meters, with 9,300 square meters solely for cold storage. In addition, the facility will have 11 forty-foot container bays and 12 small truck bays to maximize load and unload cargo efficiency.
“The project is expected to address the needs of the growing food processing industry in the country. With the government’s renewed focus on agriculture to boost food security, the demand for such facilities will continue to grow,” Trade undersecretary and BoI managing head Ceferino Rodolfo said.
Potential clients of the facility are trading companies and suppliers for hotels, meat traders and processors, distributors of local marine products and multinational food and beverage firms.
The project is the first cold storage and blast freezing facility owned by OWSI.
The firm, a unit of Magsaysay Shipping and Logistics, has been a trusted provider of warehouse management by food and beverage firms.
It currently operates thirteen warehouses providing logistics warehousing and inventory management.
Aside from warehousing, OWSI also operates three container yards around the country, providing storage, stripping and stuffing, cargo staging area and other related container yard services.
OWSI will employ global standards on operational execution and a modern warehouse management system to keep track of inventory and ensure complete accuracy while promoting operational efficiency and real time access to integrated and relevant information.
The company will adhere to first-expiry, first-out handling to ensure food safety and only the freshest food is sent out of their storage facility.
Plastic pallets will be used for blast freezing in compliance with the National Meat Inspection Service regulation.