The Philippine Economic Zone Authority on Friday reported it secured P20.6 billion in investment leads and pledges from Taiwanese investors, particularly in the area of packaging manufacturing, among others.
“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,” PEZA said.
PEZA also noted that a prospective investor “has finally decided and undertaken” a P484-million investment during a meeting with PEZA and PTIC-Taipei. This firm, PEZA noted, is “driven to provide the highest quality one stop advanced precision metal stamping and plastic molding service worldwide, and claiming to be the first metal stamping company with the biggest metal stamping equipment in Taiwan.”