PH Consulate General, Shanghai Mattress Manufacturer Discuss Investment Plans for Soft Landing in PH
Philippine Consul General to Shanghai Josel F. Ignacio, Economic Officer Consul Conrado B. Demdem, Jr., and Philippine Trade and Investment Center-Shanghai Director Mario Tani. fielding investment queries from Merriers executives headed by General Manager Erica Wang. (Shanghai PCG photo)
SHANGHAI 16 August 2021 – Executives of Shanghai Merriers Household Co. Ltd., a family-owned foam and mattress company, visited the Consulate General in Shanghai on 10 August 2021 to discuss its projected investment in the Philippines.
General Manager Erica WANG, Production Director PEI Xuewen, and Sales Director XU Gang were warmly received by Philippine Consul General to Shanghai Josel F. Ignacio, Economic Officer Consul Conrado B. Demdem, Jr., and Philippine Trade and Investment Center-Shanghai Director Mario Tani.
The executives briefed the Consulate General on its proposed next steps, including site visits in the Philippines, toward firming up plans. In turn, they received clear technical and practical advice from the Consulate team on procedures, incentives and the support available from the country’s investment promotion agencies for their Philippine venture.
Citing the surge in demand enjoyed by its products in the U.S. and European markets, GM Wang affirmed her company's resolve to see its sixth facility through to completion, unhindered by COVID-19.
Consul General Ignacio thanked Shanghai Merriers for its “wise investment decision” and “unequivocal expression of confidence in the Philippines”. The Consulate’s country team assured GM Wang that it would spare no effort in supporting liaison with the competent Philippine agencies towards facilitating this investment.
A family-owned private enterprise dating back to 1992, Shanghai Merriers manufactures bed mattresses and other foam products, including memory foams. In 2020, it exported USD300 million-worth of products to the U.S. and Europe, its principal markets. The proposed Philippine facility will beef up its manufacturing muscle built on four plants in China and one in Thailand.
Shanghai Merriers first manifested its interest in the Philippines in April, when Shanghai Merriers Chairman Mr. LIN Yongquan and GM Wang met with Consul Demdem and Vice Consul Tani at their factory in Jiading, Shanghai. END
For more information, visit http://shanghaipcg.dfa.gov.ph/.