July 6, 2009
Biotech Farms receives tax incentives for poultry investment
The Board of Investments (BoI) has granted tax incentives of about 200 million Philippine pesos (US$4.16 million) to Biotech Farms Inc. for their expansion into the poultry sector.
The expansion project will involve the construction of a modern poultry layer facility in barangay 6 Banga, South Cotabato. The facility will be using special prefabricated panels and accessories, and equipment. The facility will also use a controlled climate system for egg production.
The controlled climate system will produce safe and high quality egg products which would be free of harmful bacteria and adulteration of chemicals that can sicken humans.
The facility's annual production is expected to reach 39.25 million fresh eggs, 135,360 culled layers and 28,569 bags of manure.
The project will start commercial operation in January 2010.
