View source for Food Terminal Inc.

{{Short description|Government owned-and-controlled food corporation in the Philippines}}
{{Use mdy dates|date=October 2022}}
{{Use Philippine English|date=October 2022}}
{{Infobox company
| name               = Food Terminal Incorporated (FTI)
| logo               = 
| logo_size          = 
| logo_caption       = 
| logo_alt           = 
| image              = FTI Main Building (Bicutan, Taguig; 04-26-2021).jpg
| image_size         = 
| image_alt          = 
| image_caption      = FTI Main Building in [[Arca South]], [[Taguig]]
| former_name        = Greater Manila Terminal Food Market (GMTFM)<ref name="FTI-history">{{Cite web |title=Food Terminal Incorporated (FTI) - the history - a look at the past & a glimpse of the future |url=http://FTI.gov.ph/history |access-date=November 25, 2020 |website=FTI.gov.ph |publisher=Food Terminal Incorporated (FTI)}}</ref><ref name="FTI-CorpHist">{{Cite web |title=Food Terminal Incorporated (FTI) - corporate history |url=http://www.FTI.gov.ph/cphistory.htm |url-status=dead |archive-url=https://web.archive.org/web/20110907154932/http://www.fti.gov.ph/cphistory.htm |archive-date=September 7, 2011 |access-date=November 13, 2012 |website=www.FTI.gov.ph |publisher=Food Terminal Incorporated (FTI)}}</ref>
| type               = [[Government-owned and controlled corporation]] (from 1980)<ref name=FTI-history/>
| industry           = [[Industrial sector|Industrial]] and [[agricultural enterprise]]s
| founded            = {{Start date and age|1968|04|30}} (''as'' Greater Manila Terminal Food Market)<ref name=FTI-history/><ref name=FTI-CorpHist/><br />{{Start date and age|1974|03|27}} (as Food Terminal Incorporated)<ref name=FTI-history/><ref name=FTI-CorpHist/>
| founder            = [[Ferdinand Marcos]]<ref name=FTI-CorpHist/>
| hq_location        = [[Western Bicutan]], [[Taguig]], Philippines
| num_locations      = 
| num_locations_year = <!-- Year of num_locations data (if known) -->
|area_served         = [[Metro Manila]],<ref name="FTI-home">{{Cite web |title=Food Terminal Incorporated (FTI) |url=http://www.fti.gov.ph/home.htm |url-status=bot: unknown |archive-url=https://web.archive.org/web/20160703012705/http://www.fti.gov.ph/home.htm |archive-date=July 3, 2016 |website=www.FTI.gov.ph |publisher=Food Terminal Incorporated (FTI)}}</ref><br />[[Philippines|Nationwide]] (planned)
| key_people         = Porferio E. Mah (Chairman)<br /> Joseph Rudolph Lo (President and CEO)
| products           = 
| revenue            = {{Unbulleted list|class=nowrap|{{Increase}} {{Philippine peso|276 million|link=yes}} (2018)|{{Philippine peso|259 million}} (2017)}}<ref name="PTVNews">{{Cite news |last=Christine Cudis |date=April 30, 2019 |title=FTI gets new lease of life; bares 5-year roadmap |url=https://PTVNews.ph/fti-gets-new-lease-of-life-bares-5-year-roadmap/ |access-date=November 25, 2020 |work=[[Philippine News Agency]] |publisher=[[People's Television Network]]}}</ref>
| revenue_year       = <!-- Year of revenue data (if known) -->
| operating_income   = 
| income_year        = <!-- Year of operating_income data (if known) -->
| net_income         = <!-- or:
| profit             = -->
| net_income_year    = <!-- or:
| profit_year        = --><!-- Year of net_income/profit data (if known) -->
| owner              = [[National Food Authority (Philippines)|National Food Authority]]
| num_employees      = 
| num_employees_year = <!-- Year of num_employees data (if known) -->
| divisions          = 
| website            = {{url|http://FTI.gov.ph}}
}}
'''Food Terminal Incorporated''' ('''FTI''') is a [[government-owned and controlled corporation]] (GOCC) focused on [[food processing]] and [[Food distribution|distribution]] in the Philippines. Headquartered in [[Western Bicutan]], [[Taguig]], it also operates a {{Convert|120|ha|0|abbr=off}} industrial estate that leases lots to [[small and medium-sized enterprises]] engaged in agricultural development, electronic raw materials, and other business endeavors.<ref name=FTI-CorpHist/><ref>{{Cite news |date=August 2, 2012 |title=Privatization Mgmt Office moves Food Terminal Inc. bidding to Aug. 14 |url=https://www.gmanetwork.com/news/story/267988/economy/companies/privatization-mgmt-office-moves-food-terminal-inc-bidding-to-aug-14 |url-status=bot: unknown |archive-url=https://web.archive.org/web/20150610194337/http://www.gmanetwork.com/news/story/267988/economy/companies/privatization-mgmt-office-moves-food-terminal-inc-bidding-to-aug-14 |archive-date=June 10, 2015 |access-date=November 25, 2020 |work=GMA News}}</ref> Of this, {{Convert|76|ha|0|abbr=off}} were sold to [[Ayala Land]] and are now part of [[Arca South]].<ref name=Inquirer/> FTI is a major subsidiary agency of the [[National Food Authority (Philippines)|National Food Authority]] (NFA).<ref>{{Cite web |title=Food Terminal Incorporated (FTI) - company profile |url=http://www.FTI.gov.ph/companyprofile.htm |url-status=dead |archive-url=https://web.archive.org/web/20110907085308/http://www.fti.gov.ph/companyprofile.htm |archive-date=September 7, 2011 |access-date=November 13, 2012 |website=www.FTI.gov.ph |publisher=Food Terminal Incorporated (FTI)}}</ref>

==History==
It was a priority project of then Philippine President [[Ferdinand Marcos]] to revolutionize the agricultural sector of the country, and establish a food consolidation centre.<ref name=BWorldOnline>{{Cite web|author=Reicelene Joy N. Ignacio|date=January 9, 2019|url=https://www.BWorldOnline.com/food-terminal-to-be-revived-in-taguig-other-sites/|title=Food Terminal to be revived in Taguig, other sites|website=www.BWorldOnline.com|publisher=[[BusinessWorld]]|access-date=November 25, 2020}}</ref>  By the power a Presidential decree issued in {{Start date|1967|01}}, it took about more than a year to establish what was called the Greater Manila Terminal Food Market (GMTFM) on {{Start date|1968|04|30}}.<ref name=FTI-history/>  However, the estate was renamed to Food Terminal Incorporated (FTI) on {{Start date|1974|03|27}}.<ref name=FTI-history/>

The company’s major activities include [[warehousing]], food processing, research and quality control, [[marketing services]], and trading.

In April [[1979 in the Philippines|1979]], the Human Settlements Development Corporation took over the ownership and management of the company.<ref name=FTI-history/>  FTI became a major subsidiary agency of the National Food Authority (NFA).<ref name=FTI-history/>

===Decline===
On [[1989 in the Philippines|1989]], food trading and food processing operations, including [[Animal slaughter|live animal slaughtering]], were suspended.<ref name=FTI-history/>  [[Refrigeration|Cold storage]] services were also suspended in [[2004 in the Philippines|2004]] due to technical problems and viability concerns.<ref name=FTI-history/>

There have been several attempts over multiple Philippines presidential administrations to sell off part of the property, including a [[public auction]] in [[2009 in the Philippines|2009]], but they all failed.<ref name=GMA>{{Cite web|url=https://www.gmanetwork.com/news/story/267988/economy/companies/privatization-mgmt-office-moves-food-terminal-inc-bidding-to-aug-14|title=Privatization Mgmt Office moves Food Terminal Inc. bidding to Aug. 14|website=www.GMAnetwork.com|date=August 2, 2012|publisher=GMA News|access-date=November 25, 2020|archive-url=https://web.archive.org/web/20150610194337/http://www.gmanetwork.com/news/story/267988/economy/companies/privatization-mgmt-office-moves-food-terminal-inc-bidding-to-aug-14|archive-date=June 10, 2015|url-status=bot: unknown}}</ref>  In November [[2012 in the Philippines|2012]], the Philippine government announced the sale of the {{Convert|74|ha|0|abbr=off}} of the {{Convert|120|ha|0|abbr=off}} property to [[Ayala Land, Inc.]] (ALI) for {{Philippine peso|24.3&nbsp;billion}}.<ref name=GMA/><ref name=Inquirer>{{Cite web|last=Burgonio|first=TJ|date=November 13, 2012|url=http://business.inquirer.net/92698/ayala-buys-fti-for-p24-3b|title=Ayala buys FTI for P24.3B|website=Business.Inquirer.net|publisher=[[Philippine Daily Inquirer]]|access-date=November 25, 2020|archive-url=https://web.archive.org/web/20121115023248/http://business.inquirer.net/92698/ayala-buys-fti-for-p24-3b|archive-date=November 15, 2012|url-status=bot: unknown}}</ref>  Ayala plans to turn the property into a [[mixed-use development]], now known as [[Arca South]].<ref name=Inquirer/><ref name=ManilaBulletin>{{Cite web|author=Madelaine B.Miraflor|date=January 17, 2019|url=https://business.mb.com.ph/2019/01/17/da-eyes-food-terminal-at-remaining-fti-lot|title=DA eyes food terminal at remaining FTI lot|website=Business.MB.com.ph|publisher=[[Manila Bulletin]]|access-date=November 25, 2020|url-status=bot: unknown|archive-url=https://web.archive.org/web/20190528103100/https://business.mb.com.ph/2019/01/17/da-eyes-food-terminal-at-remaining-fti-lot/|archive-date=May 28, 2019}}</ref><ref name=AyalaLandRealEstate>{{Cite web|url=http://AyalaLandRealEstate.com/ali-food-terminal-inc-fti-now-arca-south/|title=ALI Food Terminal Inc (FTI) now Arca South|website=AyalaLandRealEstate.com|publisher=[[Ayala Land, Inc.]]|date=|archive-url=https://web.archive.org/web/20140408231938/http://ayalalandrealestate.com/ali-food-terminal-inc-fti-now-arca-south/|archive-date=April 8, 2014|url-status=dead|access-date=May 5, 2013}}</ref>  Proceeds from the sale are pledged to the programmes of the [[Department of Agriculture (Philippines)|Department of Agriculture]] and the [[Department of Agrarian Reform]].  The remaining {{Convert|46|ha|0|abbr=off}} remains in FTI.<ref name=Inquirer/><ref name=AyalaLandRealEstate/>

===Revival===
FTI will be revived by the Department of Agriculture (DA), with its reopening in [[Taguig]].<ref name=PTVNews/><ref name=BWorldOnline/><ref name=ManilaBulletin/>  FTI still has a {{Convert|36|ha|0|adj=on}} area available, with {{Convert|11|ha|0|abbr=off}} occupied by informal settlers.<ref name=BWorldOnline/><ref name=ManilaBulletin/>  The new FTI will feature [[food processing]] and [[Refrigeration|cold storage]] facilities for produce to be sold to various consumer and vendor associations.

According to Agriculture Secretary [[Emmanuel Piñol]], FTI will own logistics equipment to transfer goods from regional food terminals to markets, with a total of six food terminals to be built during President [[Rodrigo Duterte]]'s term.<ref name=PTVNews/><ref name=BWorldOnline/>

FTI aims to be the leading food processing and distribution hub in the Philippines by 2030.<ref name=PTVNews/>

==Current developments==
[[File:Bicutan FTI-Arca South, Laguna Lake from air (Taguig; 04-03-2024).jpg|thumb|Aerial view of FTI Complex and surrounding communities]]
[[File:FTI Kadiwa Distribution Hub (Bicutan, Quezon, Taguig; 04-26-2021).jpg|thumb|FTI Kadiwa Distribution Hub in [[Taguig]]]]

===Arca South===
{{Main|Arca South}}
[[Arca South]] is a [[mixed-use development]] owned by [[Ayala Land, Inc.]] occupying {{Convert|74|ha|0|abbr=off}} or {{percent|74|120|2}} out of the {{Convert|120|ha|0|abbr=off}} of FTI.{{Citation needed|date=November 2020}}

===FTI Special Economic Zone===
The FTI Special Economic Zone is a [[special economic zone]] located in [[Taguig]].  It houses industrial and retail enterprises as well as government offices such as:{{Citation needed|date=November 2020}}
*Air Liquide
*[[Continental AG|Continental]]
*Dizon Farm
*Hi-Las Corporation
*Keba
*[[Land Transportation Office (Philippines)|Land Transportation Office]] (Taguig extension)
*PSi Technologies Inc. (extension office)
*Team Pacific Corporation
*[[Puregold]] FTI
*[[SM Retail|SM Hypermarket]] FTI
*Temic
*[[Vishay Intertechnology|Vishay Philippines Inc.]]
*Sunshine Mall

===Other===
====FTI Corporate Center====
The new FTI Corporate Center will house government offices.  It will also be a commercial and office property for lease.<ref name=PTVNews/>

====Regional Food Terminals (RFT)====
Six regional food terminals will be established.  These terminals are to be constructed in [[Luzon]], [[Visayas]], [[Mindanao]], and [[Metro Manila]].<ref name=PTVNews/><ref name=BWorldOnline/>

==References==
{{Reflist}}

==External links==
* {{commonscat-inline}}
*[http://FTI.gov.ph Official website] 
*[https://www.DA.gov.ph Department of Agriculture (Philippines)]
*[https://NFA.gov.ph National Food Authority (Philippines)]

{{Department of Agriculture of the Philippines}}
{{Portal bar|Philippines|Food|Agriculture|Business}}

[[Category:Government-owned and controlled corporations of the Philippines]]
[[Category:Food and drink companies of the Philippines]]