The Philippine Economic Zone Authority (PEZA) has secured investment interests from German companies in water treatment, automotive safety sensors manufacturing, pharmaceutical and medical equipment, among other sectors.
The investment interests were generated at PEZA’s week-long investment mission to Germany last May 13 to 17.
PEZA did not identify the companies.
PEZA said the world’s largest producer of Silicon Carbide membranes will invest in ecozones initially to provide waste-water treatment facility using nano-filtration technology, considered a pioneering technology in filtration and wastewater treatment.
The company is open to manufacturing their filtration equipment for the domestic and Asean markets.
PEZA delegates also met with officials Bavarian State Ministry for Environment and Consumer Protection and the German Water Partnership to discuss water treatment and storage mechanisms and solutions and technologies that may be implemented in the ecozones.
While in Germany, PEZA officials also attended IFAT Munich 2024 and met with leaders of a German firm manufacturing automotive safety sensors among other products which mentioned plans to expand operations in the Philippines.
Other meetings were with one of the world’s biggest pharmaceutical companies that is into life sciences, healthcare, and electronics; one of the world’s leading car makers headquartered in Germany; and a company into pharma laboratory and medical equipment calibration, which is now preparing its application with PEZA.
PEZA also met Sumitomo Mitsui Banking Corp. officials from the EU AG branch, and Department of Tourism Frankfurt to discuss areas for collaboration in promoting the Philippines to German companies into electronics, pharmaceuticals, IT-BPM, automotive including export-oriented tourism facilities, special gases, and water technologies.
“The mission aimed to touch base and understand the latest trends in the country and European region,” said Tereso Panga, PEZA director-general.
PEZA is home to about 37 locator companies with German equity located. These registered business enterprises generate more than P30 billion in investments and create above 20,000 direct jobs for Filipinos.
In 2023, German foreign direct investments inflow into the Philippines reached $149.89 million while foreign-approved investments hit P393. 99 billion.
