Saturday, April 19, 2014

Japanese firm won't rebuild plant destroyed by 'Yolanda'

OSAKA - Fuji Oil Co., maker of food products based on oil and fat, said Thursday it has decided to give up reconstruction of a plant in Leyte in the central Philippines that was destroyed by Supertyphoon Haiyan.

Fuji Oil, based in Osaka Prefecture, plans to use the site of the subsidiary, New Leyte Edible Oil Manufacturing Corp., as a base for marketing and material procurement in the Philippines.

The plant, which produced coconut oil for Japanese confectionary and bread makers, was completely destroyed by the typhoon in November.

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