Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Austrian tennis ball maker taps Mindanao for raw materials

by
September 29, 2024
in Top News
0
Austrian tennis ball maker taps Mindanao for raw materials
0
SHARES
8
VIEWS
Share on FacebookShare on Twitter
Vasyl Goshovsky shows to the media the rubber cup lumps they collected from some areas in Mindanao

PANABO CITY — Austrian tennis ball producer Head Sports will be sourcing its rubber cup lumps, the main ingredient for producing tennis balls, from some areas in Mindanao, according to its project consultant.

Head Sports is eyeing to start operating and producing tennis balls in a couple of weeks on a five-hectare property at the Anflo Industrial Estate (AIE) in Panabo City, Davao del Norte.

Vasyl Goshovsky, the project consultant, said in an interview last week that the company will produce two million dozen tennis balls per year in the first phase, with production increasing to 14 million dozen per year in the final phase within two years.

He said the company will source its raw materials, specifically rubber cup lumps, from Cotabato, Zamboanga, and Davao de Oro.

“The Philippines is a very huge rubber producer in the world, and the Mindanao is producing almost half of all the rubber of the Philippines. We will find here a local produce of rubber from the farmers, and cooperatives. The provinces of Cotabato and Zamboanga are the biggest rubber producers in Mindanao and the Philippines. Also, we have some local suppliers from Davao de Oro and other provinces, and they are producing cup lumps of good quality so we will buy from them also,” Mr. Goshovsky said.

He said the initial volume requirement for the rubber cup lump is 300 tons per month to produce tennis balls.

“I think we will be growing and growing up, and we will finalize our production, and we will produce more tennis balls up to 500 tons per month,” he said.

Mr. Goshovsky said 60% of the tennis balls produced will go to their market in North America and the remaining 40% will be for the rest of the world such as Europe, Asia, New Zealand, and Australia.

“So, you can see our tennis balls all over the world, and you can buy it in any market in any continent,” he said.

He also said that the company chose to locate at AIE due to its proximity to the Davao International Container Terminal.

“We’re exporting plenty of our production 99% from the Philippines, which is very important to us and also it is a very good location, all the infrastructure already exists here. It is under the PEZA authority, which provides us with very good tax incentives and support, so that is why we chose AIE,” Mr. Goshovsky said.

AIE is a 63-hectare special economic zone accredited by the Philippine Economic Zone Authority and is owned and operated by Damosa Land, Inc. — Maya M. Padillo

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Bangko Sentral ng Pilipinas: Declaring Independence

Bangko Sentral ng Pilipinas: Declaring Independence

Recommended

The visionary behind the game: Joon Yung Min’s trailblazing journey

The visionary behind the game: Joon Yung Min’s trailblazing journey

December 27, 2024
Milestone chasers Philippines XI brace for undefeated Thai clash

Milestone chasers Philippines XI brace for undefeated Thai clash

December 23, 2024
eM Client Expands Its User Base with Acquisition of Postbox Inc.

eM Client Expands Its User Base with Acquisition of Postbox Inc.

October 23, 2024
PCC turns to AI to detect uncompetitive behavior

PCC turns to AI to detect uncompetitive behavior

September 24, 2024
HeyBo opens second store; parent company teases more

HeyBo opens second store; parent company teases more

September 25, 2024
DEX Sniper Bots: A Deep Dive into Automated Decentralized Exchange Trading

DEX Sniper Bots: A Deep Dive into Automated Decentralized Exchange Trading

August 8, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved