8 Taiwanese firms set to invest in Subic

Published May 16, 2019, 5:52 PM

by AJ Siytangco

By Jonas Reyes

SUBIC BAY FREEPORT – Eight Taiwan-based companies are planning to invest more than $9 million in this Freeport after talks with Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T. Eisma in Taiwan.

Eisma met with the investors during the annual Trade Roadshow held in Taipei last month. Eisma said the eight companies plan to hire more than 13,000 workers, with some becoming operational within the year.

SBMA Chairman and Administrator Wilma T. Eisma presents investment and business opportunities in the Subic Bay Freeport during the 2019 Philippine Business Forum in Taipei on March 26.  (Subic News Link / MANILA BULLETIN)
SBMA Chairman and Administrator Wilma T. Eisma presents investment and business opportunities in the Subic Bay Freeport during the 2019 Philippine Business Forum in Taipei on March 26.
(Subic News Link / MANILA BULLETIN)

The annual roadshow showcased investment and business opportunities in the Philippines for Taiwanese businesses at a time when Taiwanese industry players are repositioning their strategy in light of the ongoing US-China trade talks.

FTI Holdings Group (Milagros International Inc.) Chief Auditor Paul Lee said the company plans to invest $6 million in Subic, hire 600 workers and set up operations within the year.

FTI Group develops design, manufactures and sells luggage, fashion handbags and backpacks, apparel and apparel accessories.

Lee inspected an area in Tipo on April 30 as a possible plant site. The company plans to conduct another inspection with other Taiwanese officials in Subic next month to finalize the new business venture.

Grey Matter Industries Group, led by CEO and co-founder Eric Lin and COO Adu Wu, is engaged in the manufacture of PET bottles, plastic films and other plastic products.

The company wants to immediately set up a plant for manufacturing plastic film. Rong Shin Industrial Co., Ltd., the world’s leading manufacturer of lawn and garden power tool muffler systems, plans to employ 500 to 800 workers within the year.

Catcher Technology Co., Ltd., plans to open a manufacturing, processing, and distributing plant for casings and components for computer and consumer electronic products.

 
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