The Daily Tribune
P620M agro-industrial park to rise in Batangas SEZ
The Philippine Economic Zone Authority (PEZA) has registered Singapore-based Masurf, Inc., a new chemical manufacturer, which will establish a P620-million facility in Batangas.
The 35,058-square-meter facility, located within the Cocochem Agro-Industrial Park Special Economic Zone, is expected to create around 100 employment opportunities.
Masurf, Inc. will manufacture export products, specifically esterquat for fabric softeners, along with other quaternaries and tertiary amine derivatives.
The company is taking over operations previously held by Stepan Philippines Quaternaries, Inc. (SPQI), ensuring continuity of high-value manufacturing.
PEZA Director General Tereso O. Panga highlighted the Philippines' attractiveness to reliable partners amidst global trade realignments.
The registration of Masurf, Inc. is expected to strengthen the Philippines' position as a key supplier in the global chemicals export market.
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