Taiwanese aquaculture group Grobest group has expanded into the Philippines with the comissioning of a $22-million plant in Gerona, Tarlac. The 150,000 tons per year feedmill will produce aquafeed for the local market.

Grobest Philippines chairman An-Hung Chuang, said the Philippines’ high economic growth, government efficiency, reasonable financing rate and other favorable conditions will help the development of aquaculture. The availability of feed ingredients from Tarlac and neighboring provinces and huge market potential were major considerations in the selection of the site.

The 14.2 hectare plant will operate under the name Grobest Feeds Philippines Inc.