At least 100 direct jobs may soon be up for grabs in Batangas as German firm Knauf Gips KG sets up a $50 million (Dh183 million) manufacturing plant in the region.
Department of Trade and Industry (DTI) Secretary Ramon Lopez said the German firm’s facility will generate local production jobs for both domestic and overseas markets starting early 2018.
Lopez said the investment will contribute to the “stability of business environment in the Duterte administration”.
“DTI and Board of Investments committed to provide assistance in documentary requirements and accredited contractors as they aim to commence commercial production toward early 2018, Lopez said in a statement.
Knauf Gypsum Philippines, Inc., a joint venture of Knauf Gips KG and Knauf Gypsum Philippines, started the project within the industrial park of the Udenna Group in Calaca, Batangas in May.
“[We hope] to contribute to the Philippines’ growth by creating employment opportunities while serving the plasterboard requirement of its booming construction industry,” Murray Read, CEO of Knauf in Asia.
