Taiwanese-owned Sercomm has ramped up production of telco equipment to 10 million units after completing its $45 million investments at its facility in Laguna.
The telecommunications and broadband equipment manufacturer disclosed this milestone to Department of Trade and Industry – Board of Investments (DTI-BOI) through the Philippine Trade and Investment Center (PTIC)– Taipei Office and the Manila Economic and Cultural Office (MECO). Sercomm started it operation at the Carmelray Industrial Park 1 in Calamba, Laguna 18 months ago.
Trade and Industry Secretary and BOI Chairman Ramon Lopez cited the company for being at the forefront among Taiwanese companies that have decided to establish their manufacturing bases in the Philippines growing rapidly in the past two years..
“This is an excellent example for other companies still considering to make the Philippines their second home. We are very pleased that the Philippines has played a major role in the company’s stellar performance,” said Lopez.
Sercomm, a publicly listed Taiwanese company and the parent company of Sercomm Philippines, is a leading global manufacturer of telecoms and broadband equipment with revenues topping $1.27 billion in 2020.
Headquartered in Taipei, Taiwan, Sercomm now employs thousands of people around the world, with 2,000 employees based out of their Philippine manufacturing facility.
Lopez said that Sercomm Philippines uses state-of-the-art manufacturing processes to produce high-quality products and is considered a professional CPE (Consumer Premise Equipment) manufacturing site with cutting-edge automation facilities that specialize in wireless devices.
For his part, Sercomm CEO James Wang said its local units in the Philippines uses state-of-the-art manufacturing processes to produce high-quality products and is considered a professional CPE (Consumer Premise Equipment) manufacturing site with cutting-edge automation facilities that specialize in wireless devices.
“We are very proud to have achieved the production milestone in such a short time, especially during this unprecedented time. Sercomm Philippines has become a crucial portion of Sercomm’s global operations,” said Wang.
“We plan to continuously expand our operations to support future business growth in the local and global markets,” said.
Trade Undersecretary and BOI Managing Head Ceferino Rodolfo stated that “its decision to put up a Philippine facility barely two years ago, played a major part of its global operations as validated by the numbers in its recent filing. Recognizing the opportunities then and the ability to meet global demand by strategically growing their capabilities in the Philippines in support of their global supply chain in a relatively short period has certainly contributed to these milestones.”
With the signing into law of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, Rodolfo said the government can provide enhanced incentives that can position the Philippines competitively alongside other Asian countries vying for investments and encourage other manufacturers to follow Sercomm.
Founded in 1992, Sercomm has focused on developing embedded solutions to make networking simple and affordable. Its global operations network covers markets in North and Central America, Europe, and the Asia Pacific with a customer base that includes the world’s top service providers, networking original equipment manufacturers (OEMs), and system integrators.
Sercomm also announced that accumulated revenue from January to February 2021 reached $219 million, a significant 41 percent growth from $155 million in the same period last year.