Singapore firm invests P180 million in molded parts plant

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December 30, 2025 | 12:00am

MANILA, Philippines — Singapore-based MNEX Pte. Ltd. is pouring in P180 million to manufacture molded parts in Batangas, according to the Philippine Economic Zone Authority (PEZA).

A registration agreement was signed by the PEZA and MNEX Pte. Ltd. – Philippine Branch Office on Dec. 11, for the project.

The project will involve the manufacture of molded parts for various industries at the Light Industry and Science Park III–Special Economic Zone in Sto. Tomas, Batangas.

It is expected to create over 60 direct jobs.

For the PEZA, the project is expected to strengthen the country’s advanced manufacturing ecosystem.

“Through this partnership, MNEX contributes high-value manufacturing, technology transfer and quality employment, reinforcing PEZA’s drive to attract future-ready, innovation-led investments,” the PEZA said.

Headquartered in Singapore, MNEX is a precision engineering and advanced manufacturing group specializing in precision tooling, advanced molding, metal machining, automation and contract manufacturing.

The group has operations across China, Malaysia and the Philippines.

It caters to global firms in the consumer electronics, medical devices and industrial sectors by providing design and engineering, prototyping and production services.

Its operations are supported by automation, Internet of Things-enabled systems and digitalized manufacturing platforms.

Through its incentives and efficient registration processes, PEZA aims to support MNEX as it expands its operations in the country.