Philstar
Precision tools firm investing in Cavite
The Philippine Economic Zone Authority (PEZA) has signed a registration agreement with ACUVEX Corp., enabling the company to establish a P3-million manufacturing plant in the Cavite Economic Zone (CEZ).
ACUVEX will focus on fabricating jigs and fixtures, with operations expected to commence by the end of the year.
PEZA Director General Tereso O. Panga highlighted that ACUVEX's establishment reinforces CEZ's status as a center for high-value and precision manufacturing.
The new locator's investment is anticipated to complement existing businesses in CEZ, particularly those involved in electronics, automotive, and robotics.
PEZA views this partnership as a significant step in bolstering the CEZ's advanced manufacturing capabilities and promoting the Philippines' global competitiveness.
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