By MA. ELISA P. OSORIO
The Philippine Star
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.
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