Thailand’s Charoen Pokphand Foods Public Company Limited (CPF) plans to build an aquaculture feed facility in the Philippines for a cost of 2.36B Philippine pesos, according to Manila Bulletin. The facility would open in January 2011 in Tarlac with 209 workers and annually produce up to 114,000 metric tons of pelletized, crumbled and extruded feed for fish and shrimp.

The Philippine Board of Investments granted the facility up to six years of income tax breaks and lowered import duties on equipment, the newspaper reported.

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CPF reported sales of $4.8B in 2008 with a net profit of $180M.