Food Terminal Inc.

Food Terminal Incorporated (FTI) is a Filipino government owned and controlled corporation focused on food processing and distribution. It also runs a 120-hectare industrial estate that leases lots for small and medium-sized enterprises that runs business on agricultural development, electronic raw materials and other business endeavors,[1][2][3] of which 76 hectares were sold to Ayala Land and is now known as Arca South.[4]

Food Terminal Incorporated
Formerly
Greater Manila Food Terminal
Government-owned and controlled corporation
IndustryIndustrial and agricultural enterprises
FoundedApril 30, 1968 (as Greater Manila Food Terminal)
March 27, 1974 (as FTI)
HeadquartersTaguig, Metro Manila, Philippines
Area served
Metro Manila
Nationwide (planned)
Key people
Ariel P. Buenaventura (Chief Executive Officer)
OwnerNational Food Authority (Philippines)
WebsiteFTI

It is an attached agency of the National Food Authority (NFA)[5]

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 center.[6] By the power a Presidential decree issued in January 1967, it took about more than a year to establish what was called the Greater Manila Terminal Food Market (GMTFM) on 30 April 1968.[7] However, the estate was renamed to Food Terminal Inc on 27 March 1974.

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.[7] FTI became a major subsidiary of the National Food Authority.[7]

Decline

On 1989, food trading and food processing operations were suspended.[7] 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.[3]

In November 2012, the Philippine government announced the sale of the 74 hectares of the 120-hectare property to Ayala Land, Inc. for 24.3 billion Philippine pesos.[4][3] Ayala plans to turn the property into a mixed-use development, now known as Arca South.[4][8][9] Proceeds from the sale are pledged to the programs of the Department of Agriculture and the Department of Agrarian Reform. The remaining 46 hectares remains in FTI.[4][9]

Revival

FTI will be revived by the Department of Agriculture, with its reopening in Taguig.[8][6][10] FTI still has a 36-hectare area available, with 11 hectares occupied by informal settlers.[8][6] 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.[6][10]

FTI aims to be the leading food processing and distribution hub in the Philippines by 2030.[10]

Current developments

Arca South
Main article: Arca South

Arca South is a mixed-use development owned by Ayala Land, Inc. located at East Service Road, South Luzon Expressway, Taguig. Out of the 120 hectares in FTI, Arca South occupies a 74 hectare property.

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:

Other

FTI Corporate Center

The new FTI Corporate Center will house government offices. It will also be a commercial and office property for lease.[10]

Regional Food Terminals (RFT)

Six regional food terminals will be established. These terminals are to be constructed in Luzon, Visayas, Mindanao, and Metro Manila.[6][10]

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References
  1. Food Terminal Incorporated (FTI) Archived 23 August 2007 at the Wayback Machine
  2. "Food Terminal Inc. website". Archived from the original on 7 September 2011. Retrieved 13 November 2012.
  3. "Privatization Mgmt Office moves Food Terminal Inc. bidding to Aug. 14". GMA News. 2 August 2012. Archived from the original on 19 December 2013. Retrieved 13 November 2012.
  4. Burgonio, TJ (13 November 2012). "Ayala buys FTI for P24.3B". Philippine Daily Inquirer. Archived from the original on 15 November 2012. Retrieved 13 November 2012.
  5. "Food Terminal Inc. website". Archived from the original on 7 September 2011. Retrieved 13 November 2012.
  6. "Food Terminal to be revived in Taguig, other sites". BusinessWorld. Retrieved 2019-05-28.
  7. "Food Terminal, Inc. | Transparency - History". www.fti.gov.ph. Retrieved 2019-05-28.
  8. "DA eyes food terminal at remaining FTI lot". Manila Bulletin. Retrieved 2019-05-28.
  9. "Archived copy". Archived from the original on 8 April 2014. Retrieved 5 May 2013.CS1 maint: archived copy as title (link)
  10. "You are being redirected..." ptvnews.ph. Retrieved 2019-05-28.
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