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PEZA registers Chinese firms locating in Cavite
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BusinessWorld Online
THE Philippine Economic Zone Authority (PEZA) said it approved the registrations of two Chinese manufacturers planning to operate in Cavite.
In a Facebook post on Wednesday, PEZA said CIXIN Precision Metal Products (Philippines), Inc. and Philippine Newly Ever Rise Technology Corp. will operate as export enterprises in the Cavite Economic Zone.
Expected to start commercial operations in March, the facility will produce heat sink products, CNC products, and perform electroplating, and surface treatments.
Philippine Newly Ever Rise is expected to invest over P20 million in equipment and hire around 600 workers.
Its facility, which is expected to start operations in January, will manufacture and assemble transformers, power supplies, batteries, robotics products, solar systems, and electric vehicle parts.