2 Taiwanese firms to invest $40M in RP
By August or September, Mathay said Gongin will start to build its R&D facility in Subic. Mathay said the R&D facility will be bigger than the Laguna plant.
Taiwan – Two Taiwanese companies are planning to invest $40 million in the Philippines for the construction of factories and research and development facilities (R&D).
In an interview, Dita Angara-Mathay, director of commercial affairs of the Manila Economic and Cultural Office (MECO), the Philippine Representative Office here, said they are in serious discussions with two companies — machinery and equipment maker Gongin Precision Industrial Co.,Ltd and electronics giant Great Sun Optoelectronics.
Machinery and equipment maker Gongin Precision Industrial Co.,Ltd is considering investing up to $30 million in the Philippines for a factory R&D facility.
Mathay said Gongin is interested in building an R&D facility in Laguna. Construction for the R&D facility is expected to start in February next year.
According to her, Gongin chose to locate in Laguna because it has an existing client in the area. However, she said Gongin refused to divulge the name of their Laguna-based client.
For the initial investment, Mathay said Gongin will invest $3 to $5 million but the entire investment plan has a cost of up to $30 million.
By August or September, Mathay said Gongin will start to build its R&D facility in Subic. Mathay said the R&D facility will be bigger than the Laguna plant.
Gongin’s principal activities are manufacturing, processing and selling various molds, special machinery, electronic components and molds of airplane engines.
Major products include precision die/mold, precision plating/surface treatment, precision machining parts/assemblies, semiconductor, aerospace parts/components/device and optoelectronics parts/components. The group exports its products to Asia, the United States of America and other countries.
Meanwhile, Great Sun Optoelectronics is looking at building a $5 million to $10 million plant in Clark.
"The great news about this project is this will generate a lot of employment. The plant can employ 500 to 800 workers," Mathay said.
She said she is not sure when exactly Great Sun will enter the former military base in Pampanga but she said it will be next year.
In addition to their multi-million dollar investment, Mathay said the entry of Great Sun will pave the way for three other companies to come in the country.
"Because of this investment, three other support industries will come in," she noted.
The company was established in 2005 in Taichung City. It is a fresh and new company in IT related industry. It uses professional technology both in developing and manufacturing LCD Monitor, LCD TV. By MA. ELISA P. OSORIO - The Philippine Star
In an interview, Dita Angara-Mathay, director of commercial affairs of the Manila Economic and Cultural Office (MECO), the Philippine Representative Office here, said they are in serious discussions with two companies — machinery and equipment maker Gongin Precision Industrial Co.,Ltd and electronics giant Great Sun Optoelectronics.
Machinery and equipment maker Gongin Precision Industrial Co.,Ltd is considering investing up to $30 million in the Philippines for a factory R&D facility.
Mathay said Gongin is interested in building an R&D facility in Laguna. Construction for the R&D facility is expected to start in February next year.
According to her, Gongin chose to locate in Laguna because it has an existing client in the area. However, she said Gongin refused to divulge the name of their Laguna-based client.
For the initial investment, Mathay said Gongin will invest $3 to $5 million but the entire investment plan has a cost of up to $30 million.
By August or September, Mathay said Gongin will start to build its R&D facility in Subic. Mathay said the R&D facility will be bigger than the Laguna plant.
Gongin’s principal activities are manufacturing, processing and selling various molds, special machinery, electronic components and molds of airplane engines.
Major products include precision die/mold, precision plating/surface treatment, precision machining parts/assemblies, semiconductor, aerospace parts/components/device and optoelectronics parts/components. The group exports its products to Asia, the United States of America and other countries.
Meanwhile, Great Sun Optoelectronics is looking at building a $5 million to $10 million plant in Clark.
"The great news about this project is this will generate a lot of employment. The plant can employ 500 to 800 workers," Mathay said.
She said she is not sure when exactly Great Sun will enter the former military base in Pampanga but she said it will be next year.
In addition to their multi-million dollar investment, Mathay said the entry of Great Sun will pave the way for three other companies to come in the country.
"Because of this investment, three other support industries will come in," she noted.
The company was established in 2005 in Taichung City. It is a fresh and new company in IT related industry. It uses professional technology both in developing and manufacturing LCD Monitor, LCD TV. By MA. ELISA P. OSORIO - The Philippine Star
Labels: investment, taiwan
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