Japanese semicon firm to build facility in Batangas
A Japanese semiconductor firm is set to break ground on a manufacturing facility in Batangas as part of its expansion plan in the Philippines.
Japanese semiconductor company prepares to break ground on manufacturing facility in Batangas, Philippines
Rafael Fernandez de Mesa, president and CEO of Aboitiz Economic Estates, announced plans to construct a 20-hectare facility in the LIMA Estate in Batangas. The new site will expand the Japanese firm's presence in the Philippines, where it is already located in another industrial park. De Mesa attributed the country's attractiveness to foreign investors to its favorable business environment and supportive ecosystem.
A foreign food company is also planning to establish a 12-hectare manufacturing facility at Aboitiz Economic Estates' TARI Estate in Tarlac. The company is in the process of registering with Aboitiz Economic Estates and the Philippine Economic Zone Authority (PEZA).
De Mesa expressed optimism about the growth potential in the Luzon Economic Corridor, anticipating an increase in demand for industrial spaces in the coming years. Aboitiz Economic Estates and PEZA signed a memorandum of understanding to streamline the EaseBiz program, which helps investors register with PEZA and establish operations. The program currently assists over 20 PEZA registration cases annually.
PEZA director general Tereso Panga highlighted the agency's progress in automating its permitting processes, with 80 percent of procedures now automated. The goal is to achieve full automation by next year, making PEZA one of the first government agencies with fully cashless and paperless transactions. Panga emphasized PEZA's commitment to improving the ease of doing business in its ecozones, ultimately translating investor confidence into job creation and increased exports.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
