Sateco builds plant in the Philippines

With its new subsidiary Sateco Philippines, Inc., Sateco is building a high-performance production facility in the Philippines. By the end of 2023, the two-stage project at the Teco Industrial Park in the city of Pampanga is expected to employ 300 to 400 workers for the production of high-precision silicone keypads, switches and sensors. Sateco supplies its products to the automotive, building automation, consumer goods and freight transport industries. Investment in the facility amounts to between 10 and 13.4 million Swiss francs, according to a statement from the Philippine Board of Investments (BOI).

The company, which is headquartered in Schwerzenbach, also has "serious plans" to further expand its activities in the country. Sateco wants to “complement their activities in China to cater to North American and Japanese markets,” commented Ceferino Rodolfo, Trade Under Secretary and Board of Investments (BOI) Managing Head. This was discussed during a meeting with Sateco CEO Daniel Häfliger, CFO Kasimir Stadler, and the Delegate of the Board of Directors, Urs Stöckl.

The BOI assured the Sateco executives of the government’s full support. It also highlighted the consistent introduction of electric vehicles in the country, which could open up further opportunities for Sateco. E-mobility and its components are among the priority areas for investment support in the Philippines.

On 12 January, a Philippine delegation from the BOI and the Philippine Economic Zone Authority held talks with other Swiss companies to advise them on possible investments and expansions at the 5th meeting of the joint Philippine-Swiss Economic Commission in Bern. Alongside Sateco, participants included representatives from Glencore from Baar in the canton of Zug, OVD Kinegram from Zug, NaturLoop from Biel in the canton of Bern, and Impact Acoustic from Lucerne, according to statement from the government of the Philippines.