The Philippine Economic Zone Authority (PEZA) said Monday it approved the registration of three new ecozone enterprises with combined investments of P98.4 million on Nov. 14, 2024.
“PEZA is committed to creating an enabling environment for investments that not only drive economic growth but also prioritize sustainability and innovation. These registrations represent PEZA’s ongoing commitment to making the Philippines a competitive and sustainable investment destination,” said PEZA director-general Tereso Panga.
Tsuneishi Green Energy is investing P61.06 million in renewable energy development in the country. Its roof-mounted solar facility at West Cebu Industrial Park in Balamban, Cebu will generate clean, sustainable power for the industrial zone, advancing the region’s green energy goals.
The initiative supports PEZA’s commitment to green practices across ecozones.
Wenshan Electronics will manufacture high-tech chip power inductors at the Light Industry and Science Park II in Santo Tomas, Batangas. The P13-million investment will further strengthen the Philippines’ competitive position in electronics manufacturing, enhancing its capacity to support high-value production for the global market.
With Tesla’s recent entry into the Philippines, Wenshan’s local production of chip power inductors arrives at a crucial moment, positioning the country as a key player in the EV and tech supply chain.
PEZA also signed the P24.37-million project of ecozone IT enterprise Tractebel Red, an export knowledge and computer-enabled services provider.
Housed at the Enterprise Center in Makati City, the investment promotes the Philippines as a hub for IT and tech-enabled services, contributing to job creation and innovation in the tech sector.
Tractebel Red’s registration answers the growing interest in the Philippines from British companies, further boosting the country’s appeal as an investment destination in the global tech and IT services market.
