Taiwanese Firm Signs Registration Deal With PEZA For PHP70-M Facility In Batangas Ecozone

The Philippine Economic Zone Authority (PEZA) has announced the signing of a registration agreement with Taiwanese manufacturer EZconn for the establishment of a new facility at the Lima Technology Center-Special Economic Zone in Lipa City, Batangas.

New investor EZconn is pouring PHP70 million into a Batangas ecozone. Philippine Economic Zone Authority Director General Tereso Panga (right) and EZconn Technology Corporation president Wen-Chan Yeh during the Registration Agreement signing at the PEZA Head Office in Pasay City on Sept. 26, 2024. I Photo: Philippine Economic Zone Authority - PEZA Facebook

EZconn, a leading provider of electronic products, optical fiber components, and precision metal components, is investing PHP70 million in the new facility, according to PEZA.

PEZA Director General Tereso Panga highlighted the significance of the deal, saying, “EZconn’s registration underscores the Philippines’ growing appeal to foreign investors, particularly in the rapidly expanding telecommunications and fiber optics sectors.”

He added, “This investment aligns with PEZA’s mission to enhance the competitiveness of the country’s ecozones while promoting inclusive and sustainable development.”

The facility is expected to begin commercial operations in the first quarter of 2025.

PEZA also noted that EZconn’s production output from this facility will primarily be for export to the U.S., European, and Indonesian markets, with projected annual export revenue amounting to USD3.14 million.

In addition, the project is anticipated to create over 50 direct jobs.

PEZA approved four Taiwanese investment projects between January and September this year, including EZconn’s. The combined total of these investments amounts to PHP634.15 million, according to the agency.