Filinvest turns over battery factory in Clark

The Gotianun Group’s Filinvest Land Inc. (FLI) reported that its Filinvest Innovation Park in Filinvest New Clark City (FIP-NCC) has marked the turnover of a ready-built battery factory (RBF) to STB GIGA. In a statement, FLI said STB GIGA, the newly established Philippine entity of Stbattalion. STB GGIA is jointly owned by Stbattalion and St Baker Energy Innovation Fund. The handover signifies the commencement of STB GIGA'S move-in process, paving the way for their lithium iron phosphate (LFP) battery manufacturing facility within the innovative industrial park. FLI Senior Vice President and Industrial Business Unit Head Francis Ceballos expressed his enthusiasm about the collaboration, highlighting its potential for job creation. "We are very pleased to welcome STB GIGA to Filinvest Innovation Park. This partnership not only strengthens our commitment to attracting leading sustainable businesses but also generates substantial employment opportunities for the region, contributing to the overall economic growth of the Philippines," he noted. Echoing this sentiment, STB GIGA Chief Executive Officer Dennis Chan Ibarra emphasized their dedication to pioneering a new era of sustainable development. "We are grateful for the support and collaboration extended by Filinvest Innovation Park and its partners. With the official handover of the RBF unit, we are one step closer to realizing our vision of establishing a world-class LFP battery manufacturing facility in the Philippines,” he said. (James A. Loyola)