LEGEND
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Investments
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2002:
The city generated a remarkable P16.522 billion investments in 1997.
This achievement is due largely to the growing awareness of the built-in
distinct advantages and potentials of the city. Of the total investments,
92% came from the infrastructure and services sector.
Investments,
however, decreased in 1998, 2000 and 2001 when the Philippines was
affected by the Asian economic crisis. But investments picked up in
1999 because of the endorsement for the funding of the Mindanao
International Container Port Project. The P4.8 billion funding
comes from the Miyaza Initiative.
Pryce
Gas also contributed to the increase of investments in 1999.
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Exports
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2002:
Over the years, export performance in Cagayan de Oro relied largely
on traditional products, the major ones of which are canned pineapple,
fatty alcohol, sintered ore, crude coconut oil and dessicated coconut.
In
2001, however, milk powder emerged as a promising new export product,
ranking 10th in the list, surpassing two traditional export commodities:
refined glycerine and coco milk powder. But canned pineapple, fatty
alcohol and sintered ore remained consistently on top.
Exports
performance from 1997 to 2001 was erratic. One major cause was the
decrease in prices of traditional export products, especially those
which were directly or indirectly affected by the changes in prices
of the international market. Another reason is the intermittent operation
of two exporting metallurgical firms: Inchrome and Ferrochrome.
The
major export markets for 2001 were Europe, USA, Japan and South Korea.
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Imports
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2002:
Top 10 imported products are minerals, hot rolled steel sheet, tinplates,
chemicals, fertilizer, livestock, food, logs, raw materials for carton
production, and forest products. Major import sources are Brazil,
Japan, Australia, Canada, and USA.
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Major
Industries
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2002:
Nineteen medium to large industries operate, the biggest of which
is Del
Monte Philippines, Inc.
Other
major factories:
- Nestlé
Philippines, Inc.
- Nestlé-Magnolia
- Southern
Industrial Gases
- Cagayan
Corn Products
- CATIMCO
Group of Companies
- Coca
Cola Bottlers Philippines, Inc.
- Pepsi
Cola Philippines, Inc.
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Industrial
Estates
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2003:
The biggest industrial estate in the county is the PHIVIDEC Industrial
Estate-Misamis Oriental. It occupies 3,000 hectares, covering the
municipalities of Tagoloan and Villanueva.
The first
Cagayan de Oro Business Park, a project of MINERGY Systems Inc. and
All Capital, also involves the development of a 200-hectare area within
the PHIVIDEC Industrial Estate. The implementation of the project
will be undertaken in three phases.
The 80-hectare
Alwana Business Park in barangay Cugman, Cagayan de Oro City, was
started in 1981 as the site of wood working factories. Ten years later,
the management transformed the rest of the site into an industrial
and residential area within a neat zoning system. Forty hectares of
it are reserved for industries, 20 for a subdivision called Alwana
Village, 10 for commercial establishments and 26 for parks and recreation.
Three other
business parks are being programmed to be developed in the province:
- Laguindingan
Industrial Park
- El Salvador
Special Economic Zone
- Gingoog
Special Economic Zone
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