THE Philippine Economic Zone Authority (PEZA) said it is expecting the entry of a number of proposed new-investment and expansion projects from Taiwan companies.
The commitments follow the Philippines-Taiwan Investment Forum, which drew around 100 representatives from Taiwan.
“The forum also served as a platform for targeted matchmaking and follow-up engagements, with investors expressing interest in opportunities across semiconductors, electronics, industrial estates, and consumer goods,” PEZA said in a statement over the weekend.
Among the projects secured during the event was a $4.3-million investment from Aromate Industries for the construction of a new facility at the LIMA Technology Center.
“This project marks the expansion of Aromate’s operations in the Philippines, following the start of its commercial operations in 2024,” PEZA said.
“The expanded facility will further strengthen Aromate’s manufacturing footprint in air care products for both regional and global markets,” it added.
Meanwhile, a Taiwan-based consumer electronics manufacturer earmarked up to a $6-million investment in a 1-hectare site in Batangas.
The facility, which will commence operations by November, will supply global clients seeking new production bases and is expected to create around 300 jobs.
A video products manufacturer also confirmed the establishment of its first production facility in the Philippines, which export premium video products worldwide.
“The company projects sales of up to $90 million within three years,” PEZA said.
Another commitment involves a global supplier of broadband and optical communication equipment which will start operating a new 18,000-square-meter facility in Laguna by next year.
Meanwhile, a pioneer in surface acoustic wave and bulk acoustic wave devices is planning to transfer additional capacity to the Philippines.
“Beyond company-specific projects, the (Philippine) delegation also engaged with like-minded industrial park organizations,” PEZA said.
“The meetings focused on investor briefings, cross-promotion, and investment facilitation, with both sides exchanging best practices on ecozone management, environmental systems, and talent development,” it added.
In particular, the delegation met with the Linhai Industrial Park Manufacturers Association to discuss opportunities in agro-industrial ventures, electronics, and related sectors.
To date, 78 Taiwan enterprises are registered with PEZA, accounting for over P17.1 billion in investments, $485 million in exports, and more than 26,600 jobs.
“Taiwan now ranks 8th among PEZA’s top investors, with sectors spanning semiconductors and electronics, information technology, fabricated metal, rubber, plastics, paper products, and other consumer goods,” PEZA said. — Justine Irish D. Tabile