A CHINESE high-precision metal products manufacturer is investing in one of the economic zones in the Philippines.
Steelwell Industrial Hardware is investing P300 million to construct a 1.5-hectare manufacturing facility inside the LIMA Estate in Malvar, Batangas.
The Shenzhen-based company is a world-renowned producer of metal products for industrial use.
Early this year, Aboitiz InfraCapital (AIC) Economic Estates started the construction of the fourth phase of LIMA Estate, which is a 96-hectare industrial hub.
AIC said there is a strong presence of Chinese locators across its economic estates.
“This partnership signifies the start of a new era of economic cooperation between our nations. We are dedicated to creating a favorable environment that enables Chinese businesses to invest and prosper in the Philippines, leading to a mutually beneficial outcome for both countries,” AIC Economic Estates head Rafael Fernandez de Mesa said. (PNA)/PN
