IONICS EMS, Inc. said it plans to start construction of two general-purpose facilities at the Light Industry and Science Park (LISP) IV as part of its preparations for potential expansion.
鈥淭hese are for general purposes and are slated for potential future expansion,鈥 Earl Lawrence S. Qua, vice-president for business development at Ionics EMS, told reporters on Friday last week.
鈥淚t is on a four-hectare parcel of land鈥 It can be used as a warehouse; it can also be converted into a plant,鈥 he added.
Mr. Qua said that it is still early to comment on the company鈥檚 prospects for potential expansion but noted that the new facilities can be used for internal purposes or leased to another party.
鈥淲ell, by June, we will break ground for the two facilities鈥 I think it will take maybe about a year,鈥 he said, referring to the completion of the new facilities.
Late last year, listed company Ionics, Inc. announced its board鈥檚 approval for the construction of a standard factory building located at Ionics Properties, Inc.鈥檚 property at LISP IV in Malvar, Batangas.
According to a disclosure to the stock exchange, the project is estimated to cost $6.8 million, which will be partly financed through a bank loan.
Ionics EMS is also planning to install solar panels on the roofs of its Plants 2, 5, and 6 for an estimated cost of $1.13 million, which is expected to result in savings on power requirements.
Ionics EMS produces printed circuit boards and finished electronic products and exports 99.5% of its production.
This year, Mr. Qua said the company sees opportunities in the manufacture of telecommunications products and security products for networks and data centers.
鈥淲e have been growing鈥 in the past three years. This year I think we have announced a 10% growth,鈥 he said.
He added that the 10% growth is a realistic target while considering the new US tariffs expected to be imposed on all semiconductor imports. 鈥 Justine Irish DP. Tabile
