A GROUP of foreign investors from Taiwan engaged in the furniture business arrived recently to explore the possibility of establishing a furniture factory in the city.

Mayor Vicente Emano discussed with the Taiwanese investors their initial investment proposals during their courtesy call.

Emano said that one of the businessmen’s reasons for visiting the city was to look for potential sites for their furniture factory as well as assess the volume of supply of Falcata and Gmelina wood, the firm’s main source of raw materials.

Local businessmen also plan to create a partnership with the Taiwanese in operating the proposed furniture business, Emano further said.

In a related development, a top executive of a Taiwanese distillery will soon visit the city and Misamis Oriental to personally inspect the site of their proposed distillery at the Phividec Industrial Estate.

The forthcoming visit of the chairperson of Shen Hwan Development came after two representatives of the company met earlier with Emano to present their proposal.

This recent influx of Taiwanese investors exploring investment prospects in the city is the result of a trade mission led by Emano last September.

Source: sunstar.com.ph

This entry was posted on Monday, April 3rd, 2006 at 6:23 am and is filed under Furniture. Tags: Furniture, Misamis Oriental, Oro A GROUP, Small, Taiwan, Trade Mission, Vicente Emano, . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.