U.S. Company Invests $100-M In Mindanao Bamboo Facility!
An American company based in Florida, Rizome PH, has invested$100 million in an engineered-bamboo manufacturing plant in Cagayan de Oro City.
The company, established in 2023, is headed in the Philippines by Former Agriculture Secretary Luis "Cito" Lorenzo, Jr.
Now fully operational, Rizome Philippine buys bamboo from farmers in Bukidnon, North Cotabato and other Mindanao Provinces.
In fact, Lorenzo said the lamellar wood used in the new passenger terminal of the Mactan Cebu International Airport was produced by the company.
Rizome Philippines is the second biggest Engineered Bamboo Processing Facility in Mindanao after the Bukidnon Giant Bamboo Resources Corp. in Malaybalay City.
The national government should take cue from this development in the Bamboo Industry especially so since the World Market Demand for Engineered Bamboo is expected to reach $32-B by 2030, that is roughly P1.8-T.
The shift to Bamboo farming will not only earn billions and provide jobs but also ensure a sustainable program for environmental protection and flood control.
#GovernanceIsCommonSense!
#KungGustoMaramingParaan!
(Photos of Rizome Philippines Engineered Bamboo Facility was downloaded from media websites.)
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