Medtecs International Corp. Ltd. a Health essentials manufacturer from Taiwan disclosed plans to infuse $1.9 billion to develop an “industrial town” that will house all its investments in the Philippines.
Medtecs International is the world’s leading provider and distributor of personal protective equipment and a trusted multi-national PPE stockpiling solutions provider to governments and group purchasing organizations around the world.
Medtecs International chairman Clement Yang said the investments would help the Philippines in its job generation efforts, This project will generate around 125,000 jobs in seven years.
Medtechs’ industrial town will house production facilities for electric vehicles, personal protective equipment, and integrated textile manufacturing using tropical fibers, particularly abaca, bamboo, and banana.
Medtecs has earlier commenced production of melt-blown non-woven fabric/material – the critical filter medium used in medical-grade face masks. With a project cost of around $600,000 and a total manpower requirement of around 15 employees, the project has a production capacity of 25 million face masks per month. The project is registered with the Authority of the Freeport Area of Bataan and is located at the Medtecs Compound in Mariveles City, Bataan.
Image Source: Medtech Medicals Co.
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