The Board of Investments has approved the application for registration of Iba Botanicals Inc. as new export producer of pure essential oils in partnership with the Aeta communities in Zambales.Iba Botanicals has project cost of P109.5 million and is expected to start its commercial operation this month. The project was registered under Republic Act No.
With its high potential for job creation, the firm is projected to generate a total of 430 jobs in its fifth year of operation. The company will engage up to 200 workers directly from a community in the vetiver plantations located in San Juan, Zambales. In the Philippines, some of the common essential oils used in aromatherapy extracted from endemic plants in the country are ylang-ylang , lemon grass , patchouli, vetiver, castor seeds , pili, eucalyptus , malunggay, sampaguita, sambong, and ginger.
The firm has been coordinating closely with the local Aeta communities for the plantation of the species. Specifically located at the ABS-CBN Eco Village, Barangay Palanginan, the firm is hiring up to 80 workers from the Aeta community.
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