STO. TOMAS CITY, Batangas — Lopez-led First Philippine Industrial Park (FPIP) and 12 of its locators have been recognized by the local government of Sto. Tomas as among the city’s top contributors to both revenue and employment for 2024.
Together, FPIP and its locators generated ₱159 million in taxes, accounting for 17% of the city’s total income of ₱935 million for the year.
“We are honored to be part of Sto. Tomas’ growth,” said Ricky Carandang, head of FPIP’s External Affairs and Marketing, during the Taxpayers’ Day celebration held on September 1, 2025, at FPIP’s Consuelo Park Pavilion. “We are happy that our contributions are helping the local government deliver fast and efficient public services and create jobs for Tomasinos.”
These revenues and employment opportunities align with the administration of Mayor Atty. Arth Jhun “AJAM” Marasigan, whose 12-point development agenda includes quality healthcare and education, stronger job and investment opportunities, a vibrant tourism sector, environmental protection, and improved access to public services.
Under the Real Property Tax (RPT) category, FPIP and nine of its locators were ranked among the city’s top 20 taxpayers. Leading the list was Dyson Philippines, a global technology company known for its cutting-edge appliances. Other top contributors included:
Ibiden Philippines, Inc. – 4th
FPIP – 7th
Nippon Premium Bakery Inc. – 8th
YKK Philippines, Inc. – 12th
First Batangas Hotel – 18th
Energy Development Corporation – 20th
Amcor Flexibles Philippines Corp., a producer of sustainable packaging, earned recognition for placing 4th in RPT and 5th in business tax, making it one of the few companies to rank in both categories.
Two more FPIP-based firms made it to the list of top business taxpayers:
Shoketsu SMC Corporation – 10th
Nippon Express Philippine Corporation – 18th
Beyond tax contributions, FPIP and its locators were also the largest sources of local employment last year. According to the city government, companies operating inside FPIP were responsible for 60% of nearly 12,500 job openings in 2024.
Among the top employers were:
Nexem – EMD Technologies – 1st
Philippine Manufacturing Company of Murata, Inc. – 3rd
Brother Industries Philippines, Inc. – 5th
“We deeply value the strong commitment of FPIP and its locators to Sto. Tomas,” said Vice Mayor Catherine “Cathy” Jaurigue-Perez. “Their contributions have helped us drive economic progress, enabling us to create meaningful opportunities and provide better support for Tomasinos.”
Established as a joint venture between First Philippine Holdings Corporation (FPH) and Sumitomo Corporation of Japan, FPIP has grown into one of the country’s premier economic zones. Spanning 600 hectares, the PEZA-registered ecozone is home to over 150 world-class manufacturers, serving as a vital platform for generating high-value jobs for Filipinos.| – Balikas.net
