Six additional locator companies have been recognized by the Philippine Economic Zone Authority (PEZA) for their outstanding contributions to the nation’s economic growth.
Spearheaded by PEZA Director General Tereso O. Panga and his team honored Denso Ten Philippines Corporation, TDK Philippines Corporation, Qiagen Manila, Inc., International Wiring Systems (Phils.) Corp., Canon Business Machines (Philippines), Inc., and the Philippine Associated Smelting & Refining Corporation (PASAR). The awarding ceremonies took place this month in their respective facilities in PEZA ecozones.
“As PEZA celebrates the achievements of these outstanding locator companies, it reaffirms its commitment to fostering a thriving business environment that drives economic growth, innovation, and sustainability in the Philippines. Through these awards, PEZA reiterates the vital role of private sector partners in shaping the country’s progress, and together, they continue to build a brighter, more prosperous future for the nation,” Panga remarked.
This year’s unique PEZA Awarding Ceremony successfully recognized 13 outstanding locator companies, with one remaining company scheduled to be awarded in January 2025. In addition to the awarding, the ceremony featured a series of operational site visits that showcased the recent innovations and accomplishments of the awardees.
Awards
The Outstanding Community Projects Award was also presented to Denso Ten Philippines Corporation, TDK Philippines Corporation, and Qiagen Manila, Inc. in recognition of their meaningful community projects aimed at uplifting local communities through Corporate Social Responsibility (CSR) initiatives.
These companies also help improve the society by implementing various CSR initiatives which encompass a wide range of projects, from education and health programs to environmental sustainability projects, exemplifying how businesses can make a positive and impact beyond economic contributions.
PEZA also awarded International Wiring Systems (Phils.), Corp. the Outstanding Exporter Award for its exceptional performance in generating export revenue and maintaining competitiveness in the global market.
The company significantly boosted the country’s economy through increased foreign exchange earnings, having exported goods worth over 300 million US dollars in 2023. Since its registration, IWSP has contributed over PHP 3 billion in investments and provided employment to more than 10,000 Filipinos.
Hall of Fame
In addition, PEZA elevated to the Hall of Fame TDK Philippines Corporation and Canon Business Machines (Philippines), Inc. in the Hall of Fame Awardees.
TDK was recognized for receiving the Outstanding Environmental Performance award from 2021 to 2023. This was the second award received by TDK this year in recognition of its impactful CSR and green initiatives, which not only address the immediate needs of communities but also contribute to sustainable, long-term socio-economic and environmental progress.
Canon Business Machines (Philippines), Inc. was recognized as an Outstanding Exporter from 2021 to 2023.
Since 2016, Canon has been a consistent recipient of various PEZA awards. This year, it achieved Hall of Fame status for its exceptional export performance, contributing significantly to the Philippine economy with over $202.66 million in export value. This recognition underscores Canon’s steadfast commitment to excellence and its substantial role in driving economic growth.
