Sokor providing PH with P500-M dies, molds equipment 

By Kris Crismundo

March 16, 2018, 10:21 pm

MANILA -- The South Korean government is providing the Philippines training equipment for dies and molds worth USD10 million, or PHP500 million.

Philippine Economic Zone Authority (PEZA) Director General Charito Plaza told reporters that the agency, the South Korean government, and Philippine Die and Mold Association will be embarking on this joint project to develop the country’s die and mold industry.

Plaza said this is an offshoot from her recent trip to South Korea last month to promote the Philippines as investment hub for Korean investors.

She added that PEZA is currently scouting location for the dies and molds equipment from the South Korean government.

“Initially, we are looking at Cavite economic zone, but it’s too small,” she said.

The PEZA chief said the agency is looking at partnering with state universities and colleges (SUCs) for the location of the dies and molds facilities.

Plaza said this kind of facility is necessary to develop the manufacturing of dies and molds, which is also essential in other subsectors of manufacturing, like production of small parts of machinery, vehicles, and other equipment. (PNA)