Tuesday, May 20, 2025
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Corporate Business

Promet to invest P1.5B

PEZA director-general Tereso Panga (right) hands over Promet’s certificate of registration to Pietrow.
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Promet (Asia) Inc. is investing P1.5 billion for the manufacture of safes and steel furnishings in TECO Industrial Park, Pampanga.

Promet obtained its registration with the Philippine Economic Zone Authority as a new export enterprise on November 18.

This is the first investment in PEZA with major Bahrainian equity. 

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PEZA said Promet will employ 150 employees.

Promet president Eugeniusz Pietrow the Philippines was chosen after doing studies and due diligence scouting for offshore sites in Asean and in India.

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