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Food Terminal Inc.

Government owned-and-controlled food corporation in the Philippines

Summary

Government owned-and-controlled food corporation in the Philippines

Field	Value
name	Food Terminal Incorporated (FTI)
image	FTI Main Building (Bicutan, Taguig; 04-26-2021).jpg
image_caption	FTI Main Building in Arca South, Taguig
former_name	Greater Manila Terminal Food Market (GMTFM)
type	Government-owned and controlled corporation (from 1980)
industry	Industrial and agricultural enterprises
founded	(as Greater Manila Terminal Food Market)
(as Food Terminal Incorporated)
founder	Ferdinand Marcos
hq_location	Western Bicutan, Taguig, Philippines
num_locations_year
area_served	Metro Manila,
Nationwide (planned)
key_people	Porferio E. Mah (Chairman)
Joseph Rudolph Lo (President and CEO)
revenue
revenue_year
income_year
net_income
profit	--
net_income_year
profit_year	--
owner	National Food Authority
num_employees_year
website

(as Food Terminal Incorporated) Nationwide (planned) Joseph Rudolph Lo (President and CEO) Food Terminal Incorporated (FTI) is a government-owned and controlled corporation (GOCC) focused on food processing and distribution in the Philippines. Headquartered in Western Bicutan, Taguig, it also operates a 120 ha industrial estate that leases lots to small and medium-sized enterprises engaged in agricultural development, electronic raw materials, and other business endeavors. Of this, 76 ha were sold to Ayala Land and are now part of Arca South.

History

It was a priority project of then Philippine President Ferdinand Marcos to revolutionize the agricultural sector of the country, and establish a food consolidation centre. By the power a Presidential decree issued in , it took about more than a year to establish what was called the Greater Manila Terminal Food Market (GMTFM) on . However, the estate was renamed to Food Terminal Incorporated (FTI) on .

The company’s major activities include warehousing, food processing, research and quality control, marketing services, and trading.

In April 1979, the Human Settlements Development Corporation took over the ownership and management of the company. FTI became a major subsidiary agency of the National Food Authority (NFA).

Decline

On 1989, food trading and food processing operations, including live animal slaughtering, were suspended. Cold storage services were also suspended in 2004 due to technical problems and viability concerns.

There have been several attempts over multiple Philippines presidential administrations to sell off part of the property, including a public auction in 2009, but they all failed. In November 2012, the Philippine government announced the sale of the 74 ha of the 120 ha property to Ayala Land, Inc. (ALI) for . Ayala plans to turn the property into a mixed-use development, now known as Arca South. Proceeds from the sale are pledged to the programmes of the Department of Agriculture and the Department of Agrarian Reform. The remaining 46 ha remains in FTI.

Revival

FTI will be revived by the Department of Agriculture (DA), with its reopening in Taguig. FTI still has a 36 ha area available, with 11 ha occupied by informal settlers. The new FTI will feature food processing and cold storage facilities for produce to be sold to various consumer and vendor associations.

According to Agriculture Secretary Emmanuel Piñol, FTI will own logistics equipment to transfer goods from regional food terminals to markets, with a total of six food terminals to be built during President Rodrigo Duterte's term.

FTI aims to be the leading food processing and distribution hub in the Philippines by 2030.

Current developments

Aerial view of FTI Complex and surrounding communities

Arca South

Main article: Arca South

Arca South is a mixed-use development owned by Ayala Land, Inc. occupying 74 ha or out of the 120 ha of FTI.

FTI Special Economic Zone

The FTI Special Economic Zone is a special economic zone located in Taguig. It houses industrial and retail enterprises as well as government offices such as:

Air Liquide
Continental
Dizon Farm
Hi-Las Corporation
Keba
Land Transportation Office (Taguig extension)
PSi Technologies Inc. (extension office)
Team Pacific Corporation
Puregold FTI
SM Hypermarket FTI
Temic
Vishay Philippines Inc.
Sunshine Mall

Other

FTI Corporate Center

The new FTI Corporate Center will house government offices. It will also be a commercial and office property for lease.

Regional Food Terminals (RFT)

Six regional food terminals will be established. These terminals are to be constructed in Luzon, Visayas, Mindanao, and Metro Manila.

References

"Food Terminal Incorporated (FTI) - the history - a look at the past & a glimpse of the future". Food Terminal Incorporated (FTI).
"Food Terminal Incorporated (FTI) - corporate history". Food Terminal Incorporated (FTI).
"Food Terminal Incorporated (FTI)". Food Terminal Incorporated (FTI).
Christine Cudis. (April 30, 2019). "FTI gets new lease of life; bares 5-year roadmap". [[People's Television Network]].
(August 2, 2012). "Privatization Mgmt Office moves Food Terminal Inc. bidding to Aug. 14". GMA News.
"Food Terminal Incorporated (FTI) - company profile". Food Terminal Incorporated (FTI).
Reicelene Joy N. Ignacio. (January 9, 2019). "Food Terminal to be revived in Taguig, other sites". [[BusinessWorld]].
(August 2, 2012). "Privatization Mgmt Office moves Food Terminal Inc. bidding to Aug. 14". GMA News.
Burgonio, TJ. (November 13, 2012). "Ayala buys FTI for P24.3B". [[Philippine Daily Inquirer]].
"ALI Food Terminal Inc (FTI) now Arca South". [[Ayala Land, Inc.]].

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

government-owned-and-controlled-corporations-of-the-philippines food-and-drink-companies-of-the-philippines

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