Figaro Gets PEZA Nod For Coffee Production Facility

Figaro disclosed that it received approval from the board of the Philippine Economic Zone Authority (PEZA) for FCG, under its wholly-owned subsidiary, Figaro Innovation and Development (FIDI), to produce roasted coffee at its Laguna Technopark facility as an “Ecozone Export Enterprise”.

Photo Insert: This will give FCG’s coffee project a 5-year income tax holiday, with an additional 10-year “special” 5.0% corporate income tax once that holiday expires.

This will give FCG’s coffee project a 5-year income tax holiday, with an additional 10-year “special” 5.0% corporate income tax once that holiday expires.

FCG said that its primary goal for FIDI is to make “trailblazing products and processes” to “level up the F&B industry”, and to “promote Filipino brands, products and raw materials globally.”

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