The Philippine Economic Zone Authority has never failed to actively invite and attract foreign direct investors to the country and promote the benefits of investing in the Philippines, PEZA director general Charito Plaza.
Fresh from a recent investments trip to Canada, PEZA visited the facilities of potential investors to the Philippines, such as EnEco, the Silver Valley Farms and Tetratech Holdings.
These companies, whose pioneering technologies or products are now being marketed worldwide, have decided to set up their export-oriented facilities in the PEZA ecozones by early next year and make the Philippines their regional hub.
EnEco, through a partnership with ACS based in Bellingham, Washington, will invest $80 million for the Thermal Oxidation Process System, or TOPS gasifier, with acid evaporator, a waste treatment/disposal facility to be established in Mactan, Cavite and Batangas ecozones.
Meanwhile, SVF will engage in cacao production for export. It is seeking a 50-hectare ecozone with a project cost of $5 million per site, not including the ecozone developer investment.
The Canadian agro-industrial firm plans to put up three cacao production sites in the country and explored the viability of growing blueberries in Baguio and Bukidnon.
Plaza also noted that Vancouver Airport Authority and Bombardier Aviation had “expressed openness to manufacturing their automation equipment and supplying their equipment to the Philippines and other countries in Asia.”
VAA president and chief executive officer Craig Richmond promised to link up PEZA to its affiliate company Vantage, which is involved with airport design, construction and development.