In our view, more companies will likely look into Southeast Asia as a new hub for manufacturing expansions driven by the diversification of supply chain and availability of alternative resources outside of China.
A proactive stance in providing concessions will also enable industrial parks to corner more investments from the Philippines’ traditional and non-traditional sources of foreign investments.Colliers recommends that developers assess the viability of incorporating industrial parks inside township developments.
Some of the recent locators which announced expansion in Calaba include Procter & Gamble which will expand its current site in Light Industry and Science Park 1 with a new diaper manufacturing facility, as well as Dyson which will build a research and development facility within First Philippine Industrial Park . Meanwhile, D&L Industries opened its new factory in First Industrial Township in Batangas which will manufacture food ingredients, plastics and chemicals.