Israeli company signs financing deal to build crop processing plants

A FARM equipment manufacturer said it has partnered with an Israeli company to help finance $100 million worth of processing plants.

A FARM equipment manufacturer said it has partnered with an Israeli company to help finance $100 million worth of processing plants.

In a briefing, James P. Amparo, president and chief executive officer of Yovel East Research and Development Inc., said that the funding will be provided by Israel’s Mima Tech, while Yovel will build the facilities.

“This is in partnership with the Philippine government, so Yovel, Mima Tech, and GGVC (Gilan Global Ventures Corp.) will be partnering with the Department of Agriculture (DA)… we will work closely with the government kasi gusto namin s’yang dalhin doon ito sa mga (because we want to bring this to the) local governments… who will be able to benefit from this loan facility,” he said Wednesday in Quezon City.

 

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