Illinois-Based Companies Partner with Philippine Firm to Manufacture, Distribute Industrial Batteries in PH

Consul General to Chicago Gina A. Jamoralin (standing, third from left) witnesses the signing of the agreement among (seated, from left): RP Connect-RPC Prime Chief Executive Officer (CEO) Noubikko P. Ulanday, GR8 Seas Holding Inc. President William J. Stephens, and Tecchren Inc. CEO SriramaRaju Chakravaram. Also witnessing the signing are (standing, from left): Philippine Consulate General in ChicagoConsul Melchor M.P. Lalunio, GR8 Seas Senior Vice President Bob Jeter, GR8 Seas Vice President Ramon Pacheco, and Consul Ryan Gener. (Arnel Santiago photo)

CHICAGO 22 August 2019 – To manufacture and distribute different types of batteries that will store and power vehicles, devices and electricity grids in India and the Philippines, Illinois-based companies GR8 Seas Holding Inc. and Tecchren Inc. signed a business agreement with RP Connect (USA) – RPC Prime (Philippines) at the Philippine Consulate General in Chicago’s Kalayaan Hall on 14 August 2019.

Consul General to Chicago Gina A. Jamoralin welcomed the companies’ executives to the Consulate General and lauded them for reaching an agreement to manufacture cutting-edge electric vehicle (EV) and other industrial batteries, which would significantly contribute to the Philippines’ efforts to achieve sustainable growth through viable domestic sources of renewable energy.

The agreement is yet another concrete manifestation that the Philippines – the fastest growing economy in Asia, where significant steps have been taken to enhance the ease of doing business – is now considered a top country to invest in.

GR8 Seas Holding Inc. President William J. Stephens, RP Connect (USA)/RPC Prime (Philippines) Chief Executive Officer (CEO) Noubikko P. Ulanday, and India-based Tecchren Inc. CEO SriramaRaju Chakravaram signed the agreement.

The agreement covers the expansion of Tecchren’s manufacturing and technology centers in India and the United States, and the construction of manufacturing and distribution facilities in the Philippines. The Philippine manufacturing and distribution facility is scheduled to be completed in 2021, in time for the expected surge in demand for batteries.

The three companies see a robust growth in the global demand for batteries, including those for EVs. Tecchren and RP Connect-RPC Prime noted the current government’s openness to use EVs such as in e-jeepneys, e-trikes, and e-buses, which creates a strong consumer base for the product. GR8 Seas Holdings is also programming additional investments in the manufacture of other types of batteries in the Philippines.

The Consualate General facilitated the investment by providing active assistance to GR8 Seas Holdings in pursuing the venture since 2018. END

For more information, visit https://www.chicagopcg.dfa.gov.ph, https://www.chicagopcg.com or https://www.facebook.com/PHinChicago/.