A Brief History Of The Company
Mr. Honesto C. Cabacungan, Sr. and Mrs. Rizalina C. Cabacungan, started planting rubber on the family farm at Bulatukan, Makilala, North Cotabato with initial financial assistance from Development Bank of the Philippines (DBP).
He established a water-powered processing plant that produced Pale Crepe 1 from his 24 hectare rubber farm. Processing latex remarkably increased the family income from the rubber farm.
A bigger plant, the August 24 Rubber Processing Plant was established producing a monthly output of 75 tons 2x Brown. Cuplumps were purchased for its processing plant from the Province of North Cotabato.
The single proprietorship changed to a corporation, hence DAVCO DEVELOPMENT CORPORATION. DAVCO Development Corporation has invested abroad and is presently the major stockholder of PT DAVCO Sendawar Industri, a Ninety-Five Percent (95%) Filipino owned Corporation, organized under the laws of the Republic of Indonesia. PT DAVCO is engaged in the processing and trading of natural rubber in Indonesia.
Vission and Mission
DAVCO Development Corporation aspires for global customer satisfaction by producing high-quality natural rubber in a just passionate business environment.
DAVCO Development Corporation aims to produce the high-quality natural rubber for customer satisfaction in a just and compassionate manner to maximize profitability while protecting Stakeholders and Environment.