December 9, 2023
The National Development Company (NDC), the investment arm of the Philippine government, recently signed a P40-million commitment into Davao Thermo Biotech Corporation (DTBC) via an investment agreement.
The signing ceremony between NDC General Manager Anton Mauricio and DTBC President Olive Puentespina was held at Matina Aplaya, Davao City on December 7, 2023, in the presence of DTBC top management and DTBC’s key Japanese technology partner, Kyowa Kako.
The timely P40-million investment by NDC will be used to fund further expansion plans by DTBC, such as the installation of a dashboard at the plant by 2024, in order to monitor air and composting activity, among other key expansion plans.
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