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Manila Bulletin devider Business devider Trade & Industry devider Chinese manufacturer pours ₱200 million into Batangas facility

Chinese manufacturer pours ₱200 million into Batangas facility

Published Feb 27, 2026 09:54 pm
(Left) Helioway operations director Changbin Su and PEZA director general Tereso Panga (PEZA photo)
(Left) Helioway operations director Changbin Su and PEZA director general Tereso Panga (PEZA photo)

China-based Precision Hardware (Phils.) Corp. is investing over ₱200 million to build a manufacturing facility in Batangas province aimed at creating high-value components for the global value chain, the Philippine Economic Zone Authority (PEZA) said.

In a statement, PEZA Director General Tereso Panga said he signed a registration agreement with Helioway operations director Changbin Su for the export-oriented project last Feb. 25.

Panga said the agreement classifies the Chinese firm as a registered business enterprise under the investment promotion agency (IPA), making it eligible for fiscal and non-fiscal incentives.

Construction of the facility at Lima Technology Center-Special Economic Zone in Malvar town is now underway, with commercial operations set to begin in August.

The precision electronics manufacturing facility is expected to generate more than 140 direct jobs for Filipinos.

It will produce camera frames, printer die-casting parts, projector frames, servo motors, and other related components.

“Helioway’s registration further strengthens our country’s position as a trusted hub for high-value, export-oriented manufacturing in Asia,” said Panga.

The manufacturing site will enhance local supplier networks and position the country as a vital cog in the global electronics value chain, he added.

In a related development, Panga said the success of the country’s ecozone system continues to encourage local government units (LGUs) to host an ecozone.

According to PEZA, nearly 30 LGUs across the country are now preparing to file their respective developer applications with the agency.

“With more LGUs signaling readiness to host ecozones, PEZA anticipates a stronger and more geographically balanced rollout of ecozone projects in 2026,” said Panga.

Currently, there are more than 430 ecozones nationwide, six of which are operated directly by LGUs.

For the year, PEZA is targeting the declaration of 30 new ecozones as the agency aims for ₱300 billion in investment pledges.

As of January, the IPA has cleared ₱12.86 billion worth of investments, down 57 percent from ₱30.16 billion in the same month last year.

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