The event celebrating the launch of the plant was attended by HE Joanna Wronecka, the Polish Undersecretary of Foreign Affairs, HE Ceferino Rodolfo, Vice-Chairman and Managing Head of the Board of Investments, representatives of the Polish Ministry for Development, Governor of Bataan, the municipan authorities of Mariveles, Balanga and Hermosa, the FAB authorities as well as representatives of business organisations and entrepreneurs from Poland and the Philippines.
Pietrucha Manufacturing Philippines is the first Polish-Philippine investment in the civil engineering sector in the Philippines, the first Polish-Philippine joint-venture carrying out a greenfield project, as well as one of the few transfers of technology. The value of investment equaled to USD 2 million.
The plant launched in Mariveles will supply the markets of South East Asia in specialized technical profiles used in the civil engineering sector in flood prevention and protection projects, as well as in other land and water infrastructure investments. The vinyl sheet piling manufactured in Mariveles are an environmentally friendly, lightweight and extremely durable and advanced alternative to the traditional materials such as steel, concrete or wood. They are used in construction projects more and more broadly because of their excellent parameters and the possibility of lowering investment costs. They are used to reinforce flood protection systems, construct flood walls, protect the banks of various water reservoirs as well as to protect slopes, landslides and various excavation sites.
The company chose the Philippines because of its strategic and logistically convenient location as well as the great economic potential of the country. The production plant is situated in the Freeport Area of Bataan economic zone.
The Philippines is located right in the heart of Asia – today the fastest growing region. Sited at the crossroads of the eastern and western business, it is a critical entry point to over 500 million people in the Association of Southeast Asian Nations (ASEAN) market and a gateway of international shipping and air lanes suited for European and American businesses.
Pietrucha Manufacturing Philippines may also be perceived as an excellent example of international economic cooperation and a tremendous opportunity to promote the spirit of entrepreneurship and multi-beneficial cross-cultural relationships between the Philippines and Poland.