NANOFORGE Technologies, a subsidiary of Wagmi Solutions, is planning to establish a manufacturing facility in the Philippines to produce high-efficiency air filters, the Department of Trade and Industry (DTI) said.

Trade Secretary Alfredo Pascual held a discussion with the executives of the company on the sidelines of the United States-Japan-Philippines summit held on April 13 in Washington, D.C.

The proposed facility will specialize in producing high efficiency particulate air (HEPA) filters and will also use activated carbon from coconut shells, which will help Filipino coconut farmers.

HEPA filters are designed to remove a significant percentage of airborne particles, including dust, pollen, mold, bacteria and viruses, according to the DTI.

"NanoForge will manufacture and export these HEPA filters to its main customer Medify Air ― a major air purifier brand in the US," it said.

"We welcome NanoForge's investment, which aligns perfectly with our goals to strengthen the coconut industry and create more jobs for Filipinos," said Pascual.

With the help of the Philippine Economic Zone Authority (PEZA), he added that they remain committed to ensuring this new project will succeed and benefit all parties involved.

The DTI said they are planning the next steps for this venture, including a meeting with PEZA officials wherein the incentives under the Corporate Recovery and Tax Incentives for Enterprises (Create) Act will be discussed.

"These incentives, aimed at export-oriented manufacturers, offer a range of financial benefits including an Income Tax Holiday, options for a reduced Corporate Income Tax or enhanced deductions, and tax and duty-free importation of capital equipment, raw materials, and spare parts," it said.

Additionally, it provides VAT exemptions, a substantial domestic sales allowance, and an exemption from local government taxes and fees.

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