THE Philippine Economic Zone Authority (PEZA) said Oakwave Cebu Corp. has invested over P44 million to develop an automotive wiring facility in Mactan, Cebu. TheTHE Philippine Economic Zone Authority (PEZA) said Oakwave Cebu Corp. has invested over P44 million to develop an automotive wiring facility in Mactan, Cebu. The
Auto wiring maker Oakwave opens P44-M facility in Mactan ecozone
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THE Philippine Economic Zone Authority (PEZA) said Oakwave Cebu Corp. has invested over P44 million to develop an automotive wiring facility in Mactan, Cebu.
The facility, located within the 150-hectare Mactan Economic Zone, has led to the creation of 200 jobs so far, PEZA said in a social media post on Tuesday.
PEZA noted that the facility aligns with the Philippine program to boost high-value manufacturing.
PEZA Director General Tereso O. Panga said the project reflects sustained investor confidence in Philippine economic zones.
Oakwave Cebu Corp. President Jun Satoh cited the Philippine workforce’s strong work ethic, adaptability, and technical capability as a factor in expanding in Cebu. — Beatriz Marie D. Cruz
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