VS Industry Philippines Inc. (VSIP), a wholly-owned subsidiary of Malaysia’s leading electronics manufacturing services (EMS) provider VS Industry Berhad (VS), is set to expand in the Philippines.
AyalaLand Logistics Holdings Corp. (ALLHC) said in a statement over the weekend VSIP would occupy over 52,700 square meters of gross leasable space in ALogis Santo Tomas, marking its first project in the Philippines.
VSIP delivers vertically-integrated manufacturing solutions to global multinational corporations, serving as both an original equipment manufacturer (OEM) and an original design manufacturer (ODM). Its services span high-precision printed circuit board assembly, plastic injection molding, full and sub-assembly as well as tool design and fabrication.
VSIP, with its expansion in the Philippines, is set to fulfill new orders from a key customer, focusing on the box-build assembly of consumer electronics.
The facility is slated for turnover in the third quarter of 2024, with mass production set to begin by the second quarter of 2025, employing 2,000 people upon completion.
ALogis Santo Tomas, located in Sto. Tomas, Batangas, is a PEZA-accredited facility that is easily accessible from Manila via the South Luzon Expressway (SLEX) and from Batangas City via the Southern Tagalog Arterial Road (STAR).
“After careful consideration, we selected ALogis Santo Tomas as our manufacturing base in the Philippines due to its strategic location and accessibility. ALLHC provided invaluable support and expertise throughout the process. This is crucial for VS as this is a new venture for us and it also forms part of our asset-light model as a core element of our risk management strategy,” VS managing director Datuk Gan said.
ALLHC, a subsidiary of Ayala Land, Inc., has presence in seven growth areas nationwide through its industrial parks, warehouses, cold storage facilities and commercial leasing.
“We are grateful to VS Industry Philippines, Inc. for selecting ALogis Santo Tomas as their initial base of operations in the country. As we look forward to serving VSIP as one of our valued tenants, we remain committed to our shared mission of positively impacting the local economy through job creation and encouraging further investment in the region. Indeed, we are confident that this strategic partnership will be both productive and beneficial,” said ALLHC president and chief executive Robert Lao.
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