AYALALAND Logistics Holdings Corp. (ALLHC) has signed Taiwanese solar component manufacturer Suntoward Tech Philippine, Inc. as a tenant at its industrial facility in Pampanga, where the company plans to launch its first Philippine manufacturing operations in the first quarter of 2027.

In a statement issued on Monday, the listed industrial and logistics company said Suntoward has taken up more than 3,800 square meters (sq.m.) of gross leasable warehouse space at ALogis Mabalacat 1, located within Pampanga Technopark.

The Taiwanese manufacturer also signed a long-term lease covering an 8,200-sq.m. industrial lot at Batangas Technopark in Padre Garcia to accommodate its planned expansion.

Under the plan, Suntoward will manufacture, fabricate, and assemble high-density polyethylene (HDPE) floats, walkways, and mounting components used in floating solar photovoltaic (FPV) systems. Floating solar installations place panels on platform structures mounted over bodies of water such as lakes and reservoirs, an approach often used where open land for conventional ground-mounted arrays is limited.

According to ALLHC, the company intends to supply renewable energy developers, engineering, procurement, and construction (EPC) contractors, and industrial customers in the Philippines and overseas. The targeted customer base sits within a domestic market where, under the Department of Energy's roadmap, renewables are earmarked to reach 35% of the country's power generation mix by 2030 and 50% by 2040.

“We are excited to establish our first operations in the Philippines through ALLHC’s facilities,” Suntoward President Jack Wang said. “This investment allows us to bring our manufacturing capabilities closer to key renewable energy projects in the region. We are confident that this partnership will help us serve our clients better while contributing to local industrial growth,” he added.

For its part, ALLHC Chief Operating Officer Patrick C. Avila said the company’s industrial facilities are intended to accommodate businesses establishing or expanding their operations in the Philippines.

“By providing industrial facilities in strategic regional locations, we aim to support businesses as they establish operations, expand capacity, and serve their markets,” he said.

ALLHC noted that ALog Mabalacat 1 is accessible through the North Luzon Expressway and the Subic-Clark-Tarlac Expressway, while Batangas Technopark can be reached via the South Luzon Expressway and the Southern Tagalog Arterial Road Tollway. Key points to watch are the ramp toward the targeted first-quarter 2027 production start at Mabalacat and the development of the Batangas lot earmarked for expansion.

ALLHC is the listed industrial and logistics arm of Ayala Land, Inc., the property developer under the Ayala group, one of the country's oldest conglomerates.

Shares in ALLHC fell by 2.63%, or three centavos, to close at P1.11 apiece on Monday. — Juliana Chloe A. Gonzales

Source: BusinessWorld Online