Fruits Info

JAPANESE firm, Sumitomo Fruits Corp (Sumifru), which has been rising about 4,000 hectares of land in T'boli, Calinan, Toril and North Cotabato for its banana plantation project, plans to enlarge its plan with some P1-billion expansion fund.

Sumifru would undertake a major expansion of its banana plantation, bringing to P6.5 billion its total investment in the banana plantation while December 2004.

In December 2004, Sumifru has started its banana plantation operations, planted about 4,000 hectares of bananas and spend P800-million to develop the infrastructure to support it.

Now, Sumifru intends to plant more than 4,000 hectares to about 5,800 hectares and would spend P1-billion more said plan to contain infrastructure.