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The Philippine Economic Zone Authority secured P20.6 billion in investment pledges from Taiwanese investors during a recent five-day mission to Taiwan
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Notable investment leads include a P11.361-billion consortium for compostable packaging manufacturing and a P7.953-billion investment in manufacturing and renewable energy, focusing on waste-to-energy solutions
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An electronic manufacturing services provider plans a P681.845 -million expansion, while an eco-friendly products company committed to a P484 million investment
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As ecozone investors Taiwanese locators have brought in P33.165 billion, created 38,481 jobs, and facilitated $529.716 million in exports from the Philippines
The Philippine Economic Zone Authority (PEZA) secured P20.6 billion of investment leads from Taiwanese investors during a recent five-day mission to Taiwan.
One notable investment lead involves a consortium of Japanese and Taiwanese companies with a proposed capital investment of P11.361 billion, the agency said in a statement. The consortium, led by a prominent brand specializing in compostable products, aims to venture into compostable packaging manufacturing and related applications in the Philippines.
The leads were generated at the annual Philippine Investment Forum in Taiwan, organized by PEZA and the Philippine Trade and Investment Center-Taipei (PTIC-Taipei). The event saw participation from 154 individuals representing prominent Taiwanese companies and associations interested in exploring business opportunities in the Philippines.
Another company from the manufacturing and renewable energy industries expressed interest in investing P7.953 billion. It focuses on utilizing recycled wastepaper as a raw material and integrating low carbon papermaking and eco-packaging. The same company is also interested in developing a waste-to-energy plant.
An additional manufacturing company is considering an investment of P681.845 million to expand its electronic manufacturing services. It provides services related to product assembly, inspection, testing, and engineering support based on customer requirements.
During a meeting with PEZA and PTIC-Taipei, another prospective investor confirmed a P484-million investment. The company specializes in eco-friendly non-asbestos friction materials, particularly for bicycle disc brake systems.
PEZA and PTIC-Taipei also engaged with a significant player in precision stampings and plastic molding services in Asia. The company plans to invest P171 million initially, following the recommendation of a long-time PEZA locator who happens to be its largest client.
Additionally, a leading Asian manufacturer of innovative air care products with a strong global market presence is in negotiations to lease space in a PEZA-registered economic zone.
As one of the top ecozone investors, PEZA said Taiwanese locators have contributed a total of P33.165 billion in investments, generated 38,481 job opportunities for Filipinos, and facilitated $529.716 million in exports from the Philippines.
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