New Taiwanese investment leads reach ₱20.6 B
New investment leads from Taiwanese firms reached ₱20.6 billion from sectors such as food manufacturing and green projects, according to the Philippine Trade and Investment Center-taipei (Ptic-taipei), the representative office of the Department of Trade and Industry (DTI) in Taiwan.
Ptic-taipei organized the 2023 Philippine Investment Forum in Taiwan recently together with the Philippine Economic Zone Authority (PEZA) where 154 participants from Taiwanese firms and industry associations explore business opportunities in the Philippines.
In a statement, the government agencies reported total investment leads estimated at ₱20.6 billion from
Taiwan-based global companies engaged in food manufacturing, waste-to-energy plant, green product development, and metal stampings, among others, from.
One promising investment lead is a consortium of Japanese and Taiwanese companies that will engage in the business of compostable packaging manufacturing, with a proposed ₱11.361 billion capital investment.
Led by a leading brand of compostable products and resins with offices in Asia, Europe and North America, the consortium is interested in the manufacturing of innovative finished products for applications like compostable packaging and compostable food service applications in the Philippines.
Meanwhile, a company from the manufacturing and renewable energy industries, mainly in the recycled waste paper as its raw material and the vertical integration of low carbon papermaking and eco-packaging, signified that they will potentially invest a total of ₱7.953 billion. The same company is also interested in developing a waste-to-energy plant.
Another manufacturing company is interested in investing ₱681.845 million, to expand their business as an Electronic Manufacturing Services (EMS) provider. The said company manufactures, assembles, inspects and tests products based on customer design and quality requirements while providing “engineering support” to customers whenever required.
Meanwhile, a prospective investor, devoted to the development of eco-friendly products of nonasbestos friction materials which are successfully applied to bicycle disc brake system, has finally decided and undertaken a ₱484 million investment during a fruitful meeting with Ptic-taipei and PEZA.
Ptic-taipei and PEZA also met with one of the largest companies dedicated to precision stampings in Asia, driven to provide the highest quality one stop advanced precision metal stamping and plastic molding service worldwide.
The company, acclaimed to be the first metal stamping company with the biggest metal stamping equipment in Taiwan, plans to initially invest ₱171 million, upon the recommendation of another long-time PEZA locator who happens to be their largest client.
PEZA Director General Tereso Panga emphasized the importance of providing the best aftercare services for locators, claiming that “the best promoter is a satisfied customer.”
Lastly, an Asian market leading manufacturer dedicated to creating innovative air care products with sustainable sales and growth in the global market is currently in the negotiation process of leasing in a Peza-registered economic zone.