{"id":141085,"date":"2017-12-22T01:19:46","date_gmt":"2017-12-22T06:19:46","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=141085"},"modified":"2025-01-13T16:25:08","modified_gmt":"2025-01-13T21:25:08","slug":"russian-firm-eyes-manufacturing-plant-in-ph","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/12\/22\/russian-firm-eyes-manufacturing-plant-in-ph\/","title":{"rendered":"Russian firm eyes manufacturing plant in PH"},"content":{"rendered":"
\"FILE:<\/a>
FILE: Department of Trade and Industry (DTI) Secretary Ramon Lopez (Photo by Albert Alcain\/PPD\/PNA)
SCS\/rhb<\/figcaption><\/figure>\n

MANILA \u2014<\/strong>\u00a0A Russian company is looking into putting up its first manufacturing facility in the Philippines after meeting officials from the Board of Investments (BOI).<\/p>\n

Department of Trade and Industry (DTI) Secretary Ramon Lopez said Moscow-based BT SVAP LLC visited the BOI last Wednesday, wherein the Russian firm discussed its intention to locate in the Philippines.<\/p>\n

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<\/p>\n

Lopez said BT SVAP is involved in pipeline coating for industrial uses.<\/p>\n

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<\/p>\n

It also develops and implements innovative solutions for industrial production and construction of pipeline system for industry, energy sector, and housing and utilities infrastructure.<\/p>\n

\u201cThey are the biggest in Russia in terms of this technology for pipeline coating,\u201d Lopez said.<\/p>\n

The DTI chief added that the Russian firm targets to locate its first facility in Mariveles, Bataan, with the accessibility of the area to the port.<\/p>\n

He said the planned investment of BT SVAP will also involve exporting its products to other Asian countries, particularly supplying to energy projects within Southeast Asia.<\/p>\n

The Russian company has no existing production facility in other Asian countries. BT SVAP has its sole satellite office in Malaysia.<\/p>\n

\u201cThis could be a pioneer technology in the country. Apart from investments, sharing of technological know-how, and employment generation, this will also open opportunities for our domestic market and export industry,\u201d Lopez said.<\/p>\n

BT SVAP was among the Russian businesses met by Lopez and other trade officials on the sidelines of the visit of President Rodrigo Duterte in Moscow in May this year.<\/p>\n

With the interest of Russian businesses in the Philippine market, the trade chief said this means that the country is diversifying in terms of sources of investments.<\/p>\n

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<\/p>\n

Aside from BT SVAP, the country\u2019s largest steel manufacturer Steel Asia is in talks with a Russian firm for future projects here.\u00a0(PNA)<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014\u00a0A Russian company is looking into putting up its first manufacturing facility in the Philippines after meeting officials from …<\/p>\n","protected":false},"author":33,"featured_media":81410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[21224,40037,23161,40036],"class_list":["post-141085","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-board-of-investments-boi","tag-bt-svap","tag-department-of-trade-and-industry-dti-secretary-ramon-lopez","tag-russian-company","mauthors-kris-crismundo","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/141085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=141085"}],"version-history":[{"count":1,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/141085\/revisions"}],"predecessor-version":[{"id":283701,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/141085\/revisions\/283701"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/81410"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=141085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=141085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=141085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}