AGRI-LOGISTICS company TechnoFarm plans to open an estimated P1-billion cold storage facility for its agricultural imports.

TechnoFarm chief executive officer David U. Ong told reporters at a media event on Tuesday that the initial two to three hectare facility would reduce spoilage.

“One or two years ’yan naka-target (The target is one to two years),” he said.

The company currently rents cold storage facilities for its imports.

He said he is looking north of Metro Manila for sites to host the new facility, possibly in Bulacan.

Storage facilities, TechnoFarm said, improve the life of agriculture products by extending the period of freshness.

TechnoFarm in a statement said that expanded agriculture infrastructure would give farmers better facilities to store produce, which will help link them to distant distribution channels.

The company, however, remains focused on building storage for imports, and plans to expand to domestic produce later on.

The company imports legumes and frozen chicken, bringing in 200 to 300 container vans of frozen products per month and between 300 and 500 container vans of other agricultural products.

The company is also looking to offer stock to the public within two to three years. — Jenina P. Ibañez