Masurf registers Batangas manufacturing plant with PEZA
The Philippine Economic Zone Authority (PEZA) said it has signed a registration agreement with Masurf Inc., a subsidiary of Singapore-headquartered palm oil giant Musim Mas, for a manufacturing facility in Batangas.
The agreement, which designates Masurf as an ecozone export enterprise, was signed last week.
Masurf’s 35,058-square meter (sqm) facility is located at the Cocochem Agro-Industrial Park–Special Economic Zone (CAIP-SEZ) in San Pascual, Batangas.
Masurf has pledged to invest over ₱620 million in developing the facility, which is expected to generate around 100 jobs.
In turn, registering with PEZA allows the company to avail of income tax holiday, among other fiscal perks.
The manufacturing plant will make esterquat—an essential ingredient for fabric softeners—alongside other quaternaries and tertiary amine derivatives.
Masurf is set to begin commercial operations in November, with a commitment to export at least 70 percent of its total production.
PEZA said these export-ready products will have the label “Made in the Philippines,” showcasing the mark of Filipino competitiveness on the global stage.
Last May, Musim Mas announced that its subsidiary, Masurf, is acquiring a manufacturing facility in Batangas previously held by Stephan Philippines Quaternaries, Inc. (SPQI).
The takeover of the facility would ensure continuity of high-value manufacturing, which according to PEZA, reinforces the country’s stronghold in the global chemicals export market.
PEZA Director General Panga said Masurf’s entry into the country is a reflection of strong investor confidence in the Philippines.
“At a time when trade realignments are reshaping the global economy, the Philippines is poised to benefit as companies are seeking reliable partners in Asia,” said Panga.
“With Masurf Inc. choosing Batangas as its base, we are strengthening our position as a key supplier to the world,” he added.
Panga said investments from companies like Masurf represent a promising trajectory for the economy moving forward.
He noted that aside from empowering local communities, export-oriented manufacturers position the country as an attractive hub for foreign investors.
From January to August, PEZA has approved ₱105.83 billion in investment pledges, 72-percent higher than the ₱61.69 billion during the same period last year.
The investment promotion agency estimates that these investments will create over 40,000 jobs and generate $3.38 billion in export revenues.