THE Philippine Economic Zone Authority (PEZA) said it approved the registrations of two Chinese manufacturers planning to operate in Cavite.
In a Facebook post on Wednesday, PEZA said CIXIN Precision Metal Products (Philippines), Inc. and Philippine Newly Ever Rise Technology Corp. will operate as export enterprises in the Cavite Economic Zone.
CIXIN Precision committed to invest P40 million within its first year in new machinery and equipment. It plans to employ nearly a hundred workers in production roles.
Expected to start commercial operations in March, the facility will produce heat sink products, CNC products, and perform electroplating, and surface treatments.
Philippine Newly Ever Rise is expected to invest over P20 million in equipment and hire around 600 workers.
Its facility, which is expected to start operations in January, will manufacture and assemble transformers, power supplies, batteries, robotics products, solar systems, and electric vehicle parts.
PEZA Director General for Operations Vivian S. Santos said: “The two investments will reinforce the Philippines’ foothold in the regional supply chain for electronics, robotics, and precision metal products while aligning with the CREATE MORE Act and the country’s sustainability and industrial development goals.” — Justine Irish D. Tabile
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