THE Philippine Economic Zone Authority (PEZA) said it signed a registration agreement with ACUVEX Corp. for a P3-million manufacturing plant in Cavite.
In a Facebook post, the investment promotion agency said ACUVEX will fabricate jigs and fixtures in the Cavite Economic Zone (CEZ).
“The project, with an initial investment of about P3 million, is set to begin by the end of the year,” it added.
PEZA Director General Tereso O. Panga said: “ACUVEX’s entry is another step forward in reinforcing CEZ as a hub for high-value and precision manufacturing,” he said.
“Each new locator strengthens the economic zone ecosystem and contributes to our vision of a competitive, sustainable, and resilient industrial base for the country,” he added.
ACUVEX’s investment is expected to complement the electronics, automotive, and robotics-related locators in CEZ.
“This latest partnership not only strengthens CEZ’s position as a hub for advanced manufacturing but also underscores PEZA’s role in driving inclusive growth and sustaining the Philippines’ global competitiveness,” PEZA said. — Justine Irish D. Tabile