VS Industry Philippines Inc. (VSIP), a wholly owned subsidiary of Malaysia’s leading electronics manufacturing services (EMS) provider, VS Industry Berhad (VS), has signed up a lease agreement with AyalaLand Logistics Holdings Corp. (ALLHC).
VSIP will occupy over 52,700 square meters of gross leasable space in ALogis Santo Tomas, marking their first operational address in the Philippines and their initial partnership with ALLHC.
VS delivers vertically integrated manufacturing solutions to global multinational corporations, serving as both an original equipment manufacturer (OEM) and an original design manufacturer (ODM). Its services span high-precision printed circuit board assembly, plastic injection molding, full and sub-assembly, as well as tool design and fabrication.
With its expansion in the Philippines through VSIP, the group is set to fulfill new orders from a key customer, focusing on the box-build assembly of consumer electronics. This comprehensive service covers the entire process from production to assembly, testing, packaging, labeling, and logistics, reinforcing VSIP’s commitment to excellence and meeting growing market demands.
The facility is slated for turnover within the third quarter 2024, with mass production set to begin by the second quarter of 2025 and employing a workforce of approximately 2,000 people upon completion.
“This is a new venture for us and it also forms part of our asset-light model as a core element of our risk management strategy,” said VS managing director Datuk S.Y. Gan.
