The LOPEZ-LED First Philippine Holding Inc. (FPH) has expanded its Batangas ecozone operated by its unit Philippine Industrial Park (FPIP) by about a hundred hectares more amid strong interest from foreign manufacturing firms seeking to relocate in the country.

“For First [Philippine] Holdings, we set aside P1.4 billion for land banking for our industrial plant from the parent. That’s the main capex for the parent,” Elpidio L. Ibanez, FPH president and chief operating officer, told reporters after the firm’s annual stockholders meeting on Monday.

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