The Philippine Economic Zone Authority (PEZA) said over the weekend it secured more than $10 million in new investments from Taiwanese firms after promoting the Philippines as a competitive hub for advanced manufacturing and exports.
PEZA chief of staff Napoleon Ferdinand Melendres, who led a recent mission to Taiwan, said a highlight was the signing of a $4.3-million registration agreement with Aromate Industries in Taipei. The deal will see the company build a new air care product manufacturing facility at the LIMA Technology Center in Batangas.
Another confirmed project is a $5-million to $6-million consumer electronics investment that is expected to generate about 300 jobs and begin operations by November 2025.
Other Taiwanese firms also committed to expanding their Philippine footprint, including a high-end video products manufacturer that will establish its first production facility in the country. The company projects $90 million in sales within three years through global exports.
A global broadband and optical communications supplier will relocate to a new 18,000-square-meter facility in Laguna by 2026 to expand its production capacity and product lines.
A company that makes SAW and BAW devices is also advancing its registration to transfer additional capacity to the Philippines.
The mission also pursued partnerships with Taiwanese industrial park groups, including the Linhai Industrial Park Manufacturers Association (LIPMA) in Kaohsiung. Discussions focused on investment facilitation, ecozone management, environmental systems, and talent development.
LIPMA members expressed interest in agro-industrial ventures, electronics and related sectors, while requesting continued briefings on Philippine incentives and regulatory processes.
“We are sustaining the momentum of CREATE MORE by offering not just incentives, but a red-carpet service to investors,” Melendres said.
“PEZA is ready to be a reliable partner for Taiwanese companies seeking growth, diversification, and global integration as we respond to the New Southbound initiative of its business groups,” he said.
About 78 Taiwanese companies operate in PEZA zones, with combined investments of more than P17.1 billion, generating $485 million in exports and creating more than 26,600 jobs, PEZA said.
Taiwan ranks eighth among PEZA’s top investors, with a presence in semiconductors, electronics, IT, fabricated metal, plastics, paper products and consumer goods.
Author: Othel V. Campos
Source: PEZA gets $10-m Taiwanese investments
Disclaimer: This article contains information sourced from publicly available reports, official statements, and reputable news agencies. Proper credit has been given to original authors where applicable. Any direct quotes or references have been attributed accordingly.