The Phividec Industrial Authority (PHIVIDEC-IA) is a fully owned and controlled corporation of the Government of the Republic of the Philippines. It was established on August 13, 1974 by Presidential Decree 538 as amended by Presidential Decree 1491.
It is mandated to identify and develop sites in the country as prospective industrial areas. PHIVIDEC-IA will equip these areas with the necessary infrastructures to encourage the inflow of domestic and foreign investments. The development of these sites is in accordance with the Philippine Government’s policy to disperse industries to the countryside as a means of equitably distributing resources, and as a vehicle to catalyze and sustain social and economic development in the Philippines.
At present, PHIVIDEC-IA manages, administers and supervises the 3,000-hectare Phividec Industrial Estate in Misamis Oriental (PIE-MO). PIE-MO is located in the Municipality of Tagoloan and Villanueva, Misamis Oriental. The PIE-MO is one of the largest industrial estates in the Philippines.
One of the biggest infrastructures inside the PIE-MO is the Mindanao Container Terminal (MCT). The MCT caters containerized cargoes both destined for domestic and international markets.
The following Incentives are offered to prospective locators in PIE-MO: Low land lease rates ; exemption from customs duties and taxes if goods are 50-70% for export (Domestic and Foreign companies) ; availment of Board of Investments’ privileges if eligible for BOI-registration ; and availment of Philippine Economic Zone Authority’s privileges if eligible for PEZA-registration considering that PIEMO has been declared as a PEZA area.