Thai Coconut to Establish Coconut Milk Production Plant in the Philippines

Thai Coconut Public Company Limited (COCOCO) is moving forward with its business expansion into the Philippines. The company has signed a Memorandum of Understanding (MOU) with Anflo Industrial Estate in the Philippines to establish a coconut milk production plant, the Kaohoon International reported on February 11.  
Coconut Public Company Limited is a leading Thai manufacturer, distributor, and exporter of processed coconut products. The agreement establishes a subsidiary for coconut milk production and other coconut-based products, which aligns with the company’s board-approved investment project in the Philippines valued at 430 million baht (USD12.6 million) to expand its product line. 
Anflo Industrial Estate (AIE) is one of the Philippines’ leading private industrial estates, located in Panabo City, a key hub for the country’s coconut and agricultural industries. Strategically positioned near the Davao International Container Terminal (DICT), one of the most modern ports in the Philippines, the location ensures efficient transportation of raw materials and finished products, reducing logistics costs and enabling rapid exports to major markets. AIE provides comprehensive infrastructure designed to support industrial scale production.  The site also benefits from its proximity to abundant coconut resources, ensuring direct access to fresh raw materials, reducing costs and enhancing supply chain stability. 
“COCOCO will begin with canned coconut milk production as the first phase and plans to expand into other coconut milk packaging formats in response to growing market demand, especially from customers in the US and Europe.  Additionally, this venture presents new business opportunities by providing access to lower-cost coconut raw materials and leveraging special economic zone benefits in the Philippines. These advantages will reduce raw material costs, improve logistics efficiency, strengthen the company’s supply chain, and enhance global market competitiveness,” said Dr. Worawat Chinpinkyo, CEO and managing director of COCOCO.