An Australian company is seeking to open a manufacturing facility in the Philippines, but it’s a complex one.
In a joint statement with the Philippine government, the two countries said they are committed to boosting trade and investment between the two nations and are committed in creating jobs.
The statement from the Philippines Ministry of Industry and Commerce (MMIC) said the proposed factory would be the largest in the country and will employ up to 2,000 people.
MMIC said the company, known as Aneci Industrial Chemicals, is seeking government approvals for the facility in Manila, where it hopes to produce an advanced chemical.
Aneci says it aims to create jobs by opening a manufacturing base and training up to 4,000 Filipino workers.
It has been operating the factory in Cali since April 2016, with an initial plan to start production in 2019.
AECI is the second biggest exporter of chemicals in the world, with a market share of 7 per cent, according to the International Federation of Chemical Manufacturers.
But there is a catch.
Its manufacturing facilities in Australia are more than 50 years old.
Currently, the country has more than 3,000 plants.