US-Taiwanese luggage maker eyes PH comeback
American-Taiwanese luggage maker PLG Prime Global Co. is looking to set up a manufacturing facility in Bataan, as part of its plan to revive operations in the country.
The Philippine Economic Zone Authority (Peza) on Tuesday said that Director General Tereso Panga met with representatives of the company on April 16 to discuss the firm’s latest investment plans.
The firm was joined by Manila Economic and Cultural Office (Meco) Board Director Wilson Tecson and Peza investment promotion partner Jayson Sze during the meeting.
“This time, they’re putting in bigger investments,” Panga said, noting that the company’s move is part of a broader trend of manufacturers reassessing their footprint amid global supply chain shifts and the emerging China+2 strategy.
The China+2 strategy has gained traction among policymakers and investors as a response to growing calls for more resilient and diversified global supply chains.
Under this approach, companies reduce dependence on China by shifting part of their manufacturing operations to at least two alternative countries.
“Apparel, footwear and luggage manufacturing are the industries we lost to China, Vietnam and Cambodia. With the reciprocal tariffs, we hope to revive these industries in the Philippines,” added Panga.
The company, recognized as one of the world’s leading manufacturers of luggage and travel goods, currently operates production facilities in Taiwan, China and the United States.
