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Trade Secretary Alfredo Pascual welcomes the investment of Wagmi Solutions-owned NanoForge Technologies in a new manufacturing facility dedicated to producing high-efficiency air filters.Department of Trade and Industry Secretary Alfredo Pascual said Wagmi Solutions , the parent company of NanoForge Technologies, expressed interest to establish a manufacturing facility in the Philippines to produce high-efficiency air filters made from coconut shells.
NanoForge will manufacture and export these HEPA filters to its main customer Medify Air—a major air purifier brand in the US. The manufacturing process will utilize activated carbon sourced from coconut shells, directly benefiting Filipino coconut farmers. The investment is expected to support the coconut industry and create numerous job opportunities in the manufacturing sector, according to Pascual.NanoForge’s advanced air filters offer innovative solutions tailored for residential, commercial and industrial applications.
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.
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