Sonion Philippines Inc., a unit of Denmark’s Sonion, is investing $30 million to expand its operations and hire more employees in the Philippines.
Sonion Philippines general director Niels Ole Jeppesen said the company planned to hire 800 employees by end of 2014. Sonion is a global leader in design of advanced miniature components and solutions for hearing instruments and advanced acoustics.
“The employees to be hired would include product and process design engineers,” Jeppesen said.
Sonion presently employs 130 people in its plant inside the First Philippine Industrial Park in Batangas.
Jeppesen said the company made an initial investment of $22 million in the newly-launched facility in Batangas.
European Union Ambassador Guy Ledoux and Philippine Economic Zone Authority director-general Lilia de Lima attended the launching of the Batangas plant Wednesday.
Jeppesen said the company preferred the Philippines as its new site because of the high educational level of the Filipino workforce, reasonable infrastructure, competitive incentives for foreign investors and good cooperation with Peza.
The entry of Sonion brought to 289 the total number of European companies operating within the economic zones.
Ledoux said the legal environment offered by Peza was very attractive and could serve as a model for reducing red tapes and improving the overall investment climate in the country.
“This factory is a good illustration of the strong and growing economic relationship between the EU and the Philippines. European companies are attracted by the skills and talents of Filipino workers,” said Ledoux.