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Manila Bulletin devider Business devider Trade & Industry devider Singapore firm MNEX to set up ₱180-million manufacturing plant in Batangas

Singapore firm MNEX to set up ₱180-million manufacturing plant in Batangas

Published Dec 29, 2025 03:31 pm
(Left) MNEX chief executive officer Goh Su Min and PEZA director general Tereso Panga (PEZA photo)
(Left) MNEX chief executive officer Goh Su Min and PEZA director general Tereso Panga (PEZA photo)
The local unit of Singapore-based MNEX Pte. Ltd. has entered into a registration agreement with the Philippine Economic Zone Authority (PEZA) for the development of a ₱180-million manufacturing facility.
In a statement, the investment promotion agency (IPA) said PEZA Director General Tereso Panga and MNEX Chief Executive Officer (CEO) Goh Su Min signed the agreement for the project on Dec. 11.
MNEX, through its Philippine branch office, will build the facility at Light Industry and Science Park III in Santo Tomas City, Batangas.
The project is expected to generate more than 60 jobs once fully operational.
According to PEZA, the facility will manufacture molded parts for the various industries that MNEX serves.
MNEX is a precision engineering and advanced manufacturing company with operations spanning China, Malaysia, and the Philippines.
The company combines engineering expertise with next-generation capabilities across precision tooling, advanced molding, metal machining, automation, and contract manufacturing.
MNEX serves leading global firms in the consumer electronics, medical devices, and industrial sectors through the delivery of an integrated value chain supported by automation, Internet of Things (IoT)-enabled systems, and digitalized manufacturing platforms.
“Through this partnership, MNEX contributes high-value manufacturing, technology transfer, and quality employment, reinforcing PEZA’s drive to attract future-ready, innovation-led investments,” the IPA said.
By registering the facility with PEZA, MNEX qualifies for fiscal and non-fiscal incentives, such as an income tax holiday (ITH), as well as streamlined business processes.
PEZA said the company will also receive strong government support to help it scale up operations, enhance competitiveness, and expand in the country.
From January to December, PEZA approved ₱260.89 billion worth of investments, up 22 percent from ₱214.18 billion in the previous year.
The agency secured ₱107.06 billion in foreign investments, with Singapore among the top five sources, with investments reaching ₱11.19 billion.
Japan emerged as the leading source of foreign capital for the year with ₱32.6 billion, followed by Cayman Islands at ₱16.69 billion and South Korea at ₱11.46 billion. China rounded out the list with investments amounting to ₱6.87 billion.
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