Top Taiwanese industrial giant visits freeport
Taiwanese-owned TECO Electric and Machinery Co. Ltd., a global player in electronics manufacturing, paid a visit to the Subic Bay Freeport for exploratory talks with officials of the Subic Bay Metropolitan Authority for possible future investments.
Company chairman Theodore Huang led his entire board members and top officials during a recent visit in Subic.
TECO is renowned worldwide as a leading heavy electrical industrial brand. It is also known as one of the leading manufacturers of home appliances, telecommunications equipment, IT systems, electromechanical components, and commercial electronics.
The 105-man delegation was made up of the top officials and managers of the company, who came to the Subic Freeport upon the invitation by both SBMA Administrator Armand C. Arreza and Subic Bay Development and Management Corporation (SBDMC) Chairman Joseph Chou.
Arreza met with the group and gave them a briefing on the development and current projects of the Authority.
He stressed on the importance of the Taiwanese companies coming into the Freeport and encouraged more companies to continue looking into setting up shop here.
"The Taiwanese Industrial Park is home to some of the biggest investors we have here-companies like Wistron (formerly known as Acer), TECO, and Hitachi-have set up production plants here and have expressed their continued confidence in the SBMA," he said.
Arreza also said that they are expecting more companies like Taiwan Cogen to come in.
"The country's economy is doing quite well and the Subic Freeport has become a major player in the global market with its tax-free incentives Freeport status. This is why more and more companies like Taiwan Cogen are showing interest in the Freeport," he said.
Meanwhile, Huang expressed his appreciation for the preparation of their visit along with the well planned itinerary laid out for them. He further said that the visit has given them a broader perspective of the area.
Aside from meeting with top officials from the Authority and the Taiwanese Industrial Park, the TECO group also met with members of the Taiwanese investor community. They were also able to visit top tourist spots in the area.
The TECO group has about 30 subsidiaries and affiliations across Asia, America and Europe, and the total employee count is over tens of thousands. It is dedicated to long-term development, creating new competitive advantages, enhancing service quality, developing top-flight personnel, and creating outstanding products. (PNA)
Company chairman Theodore Huang led his entire board members and top officials during a recent visit in Subic.
TECO is renowned worldwide as a leading heavy electrical industrial brand. It is also known as one of the leading manufacturers of home appliances, telecommunications equipment, IT systems, electromechanical components, and commercial electronics.
The 105-man delegation was made up of the top officials and managers of the company, who came to the Subic Freeport upon the invitation by both SBMA Administrator Armand C. Arreza and Subic Bay Development and Management Corporation (SBDMC) Chairman Joseph Chou.
Arreza met with the group and gave them a briefing on the development and current projects of the Authority.
He stressed on the importance of the Taiwanese companies coming into the Freeport and encouraged more companies to continue looking into setting up shop here.
"The Taiwanese Industrial Park is home to some of the biggest investors we have here-companies like Wistron (formerly known as Acer), TECO, and Hitachi-have set up production plants here and have expressed their continued confidence in the SBMA," he said.
Arreza also said that they are expecting more companies like Taiwan Cogen to come in.
"The country's economy is doing quite well and the Subic Freeport has become a major player in the global market with its tax-free incentives Freeport status. This is why more and more companies like Taiwan Cogen are showing interest in the Freeport," he said.
Meanwhile, Huang expressed his appreciation for the preparation of their visit along with the well planned itinerary laid out for them. He further said that the visit has given them a broader perspective of the area.
Aside from meeting with top officials from the Authority and the Taiwanese Industrial Park, the TECO group also met with members of the Taiwanese investor community. They were also able to visit top tourist spots in the area.
The TECO group has about 30 subsidiaries and affiliations across Asia, America and Europe, and the total employee count is over tens of thousands. It is dedicated to long-term development, creating new competitive advantages, enhancing service quality, developing top-flight personnel, and creating outstanding products. (PNA)
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