DTI Undersecretary Ceferino S. Rodolfo is received by Zhaoqing City Mayor Xu Xiaoxiong (left photo) at the sidelines of the Philippineofficial’s visit to his city to meet with Shenzhen Grand official and its suppliers and business partners (right photo) last September 19.
Joining the DTI Undersecretary during his visit to Shenzhen Grandsun were officials of the Philippine Consulate General’s Office in Guangzhou’s Philippine Trade and Investment Center (PTIC Guangzhou).
During the meeting between the Grandsun top executives and Undersecretary Rodolfo, Wu confirmed that Grandsun Advanced Electronics (Philippines) Co. Inc. (GAEPCI) , which began its Audio Devices (headphones) production facility at the LIMA facility in Batangas during the pandemic, is now running full blast, and that two new factories in the Philippines will be opened by the end of 2025.
The two new factories are expected to house additional production facilities that will be tapped for the additional production for the US and European markets of OEM and house-brands of Shenzhen Grandsun's speakers.
With the expected completion of Shenzhen Grandsun's four audio devices’ (headphones) production facilities in the Philippines this year, total investments by the Guangdong-based company in the country will amount to more than PHP3 Billion. Total employees by end 2023 is expected to reach 1000, with the company targetting to provide 8000 jobs in the Philippines by 2028.
Shenzhen Grandsun was ranked 7th globally on the Global Smart Headphone Invention Patent Ranking, just behind Apple (#5) and Qualcomm (#6), and ahead of of LG (#8) and Huawei (#10).
The company has also steadily built a global reputation for exceptional audio, technology and design, winning over 70 international awards since 2015 from the CES Innovation Awards, reddot awards (Germany), Good Design Award (Japan), Chicago Good Design Award and the IF Award in Germany.
DTI Secretary and BOI Chair Alfredo Pascual, on his part highlighted that “in the last five (5) days alone, we have seen very tangible advancement in at least two (2) investment leads generated during President Ferdinand Marcos Jr.’s official visits. Aside from the continuous expansion of Grandsun, the President also officially inaugurated last September 22 the Unilever Beauty & Wellbeing and Personal Care factory after it was granted BOI registration in June of this year.” DTI-BOI not only ensures that investment leads generated during the official visits are actually implemented but we further “facilitate their operations so they can go above and beyond their committed economic value-adding activities,” added Secretary Pascual. (BOI)