AM Swiss Micreotech Inc. of Switzerland, a unit of global micro technology manufacturer R. Audemars SA, is mulling over the expansion of operations in the Philippines.
R. Audemars SA chief executive Mirko Audemars said his company was looking forward to finding new sites or expanding in the Philippines, depending on the COVID situation in the country.
“The Philippines has been an important experience. If a company wants to experience the ease of doing business, the Philippines is a prime destination to make investment opportunities happen,” he said.
Audemars is a multi-national group of companies specialized in micro technology producing a micro version of magnets, coils and other components. AM Swiss Microtec started its operation in Cebu in 2016 with global operations in Lugano, Switzerland; Zhongshan, China; and, Hong Kong.
The Philippines presented investment opportunities to Swiss companies in the first virtual business forum for the Ticino region, an Italian-speaking region in southern Switzerland.