MORE TAIWANESE COMPANIES EXPECTED TO FILL THE ELECTRONICS MANUFACTURING SUPPLY CHAIN
TaiHan Precision Technology Company, a publicly-listed company in Taiwan, has set up a manufacturing plant in Batangas to produce plastic injection molds for printers. The formal inauguration of their factory took place last July 19, with the ribbon-cutting ceremony led by Philippine Economic Zone Authority (PEZA) Director General Lilia B. De Lima, Manila Economic and Cultural Office (MECO) Ambassador Antonio I. Basilio, Philippine Trade and Investment Center – Taipei (PTIC-Taipei) Director Benedict M. Uy, and TaiHan Chairman Steve Yang. The US$10 Million facility of TaiHan is located in a 3-hectare property they have acquired in Lima Land Batangas, with its operations projected to employ around 200 to 500 workers.
Present in the inauguration ceremony were Taiwanese, Chinese and Japanese suppliers of Taihan. DG Lilia De Lima wasted no time in also inviting these suppliers to join Taihan in locating in the Philippines as it will surely make more economic sense for them to be nearer Taihan and the rest of the printers and electronics manufacturing supply chain in the Philippines.
Taihan Techonology is principally engaged in the design, manufacture and sale of molds and plastic products that are mainly applied in computers, 3C products, mobile phones, cameras, printers, and among others. PTIC-Taipei assisted TaiHan Technology in August 2012 when their Chairman Steve Yang expressed interest of expanding their operations in the ASEAN and wanted to set up a factory in the Philippines. As most of the top printer companies are their clients, such as Canon, Brother, and Epson, Chairman Yang deemed it viable to invest in the Philippines as these companies are already in the country as well. TaiHan is looking into increasing their investments in the Philippines within the next 3 years.