Daily Tribune (Philippines)

Air filter factory to rise in Phl

The proposed facility will specialize in the production of High Efficiency Particulat­e Air filters, designed to remove a significan­t percentage of airborne particles, including dust, pollen, mold, bacteria and viruses

- BY RAFFY AYENG @tribunephl_raf

The country is set to have an air filter facility dedicated to producing higheffici­ency air filters.

According to the Board of Investment­s (BoI), the initiative is notable as the manufactur­ing process will utilize activated carbon sourced from coconut shells, directly benefiting Filipino coconut farmers.

According to the BoI, Trade and Industry Secretary Alfredo Pascual had a meeting with representa­tives from Wagmi Solutions (WS), the parent company of NanoForge Technologi­es, on the sidelines of the United States-Japan-Philippine­s Trilateral Meeting last week.

The proposed facility will specialize in the production of High Efficiency Particulat­e Air (HEPA) filters, designed to remove a significan­t percentage of airborne particles, including dust, pollen, mold, bacteria, and viruses.

Medify Air

Although the BoI did not disclose the value of the said investment­s, Pascual said, “Nanoforge will manufactur­e and export these HEPA filters to its main customer Medify Air — a major air purifier brand in the United States.”

“We welcome NanoForge’s investment, which aligns perfectly with our goals to strengthen the coconut industry and create more jobs for Filipinos. Through the Philippine Economic Zone Authority, we are committed to ensuring that this venture is successful and beneficial for all parties involved,” he said.

Further, the BoI noted that the investment plan is poised to enhance the coconut industry and create numerous job opportunit­ies in the manufactur­ing sector.

Innovative solutions

NanoForge’s advanced air filters offer innovative solutions tailored for residentia­l, commercial, and industrial applicatio­ns.

The next steps include a meeting with PEZA officials to discuss the incentives under the Corporate Recovery and Tax Incentives for Enterprise­s (CREATE) Act.

These incentives, aimed at exportorie­nted manufactur­ers, offer a range of financial benefits including an Income Tax Holiday, options for a reduced Corporate Income Tax or enhanced deductions, and tax and duty-free importatio­n of capital equipment, raw materials and spare parts.

Furthermor­e, CREATE provides VAT exemptions, a substantia­l domestic sales allowance, and an exemption from local government taxes and fees.

In 2024, WS registered NanoForge Technologi­es in the Philippine­s to produce HEPA filters for Medify Air, aiming to diversify manufactur­ing operations currently based in China and Mexico.

 ?? PHOTOGRAPH COURTESY OF DTI ?? TRADE Secretary Alfredo Pascual (third from left) talks to Ferdinand Piano (4th from left), chief operating officer and co-founder of NanoForge/Wagmi Solutions, and Victor Aliwalas (5th from left), chief executive officer and co-founder of NanoForge/Wagmi Solutions, in Washington, DC, the United States, for their plans to establish a manufactur­ing facility in the Philippine­s dedicated to producing high-efficiency air filters.
PHOTOGRAPH COURTESY OF DTI TRADE Secretary Alfredo Pascual (third from left) talks to Ferdinand Piano (4th from left), chief operating officer and co-founder of NanoForge/Wagmi Solutions, and Victor Aliwalas (5th from left), chief executive officer and co-founder of NanoForge/Wagmi Solutions, in Washington, DC, the United States, for their plans to establish a manufactur­ing facility in the Philippine­s dedicated to producing high-efficiency air filters.

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