MANILA, Philippines — President Ferdinand Marcos Jr. said that a United States-based medical glove company will invest $200 million to expand its operations in the Philippines by establishing a manufacturing facility in the country.
In a media interview in New York City on Tuesday, Marcos said that US Medical Glove Company (USMGC) has sent representatives to the Philippines to begin preparations for building its first plant and expanding operations further.
"The prospective amount is $200 million in the beginning," Marcos told reporters before returning to Manila. "They have already started it. They’re already starting to build their first plant and they even want to expand. They already have found the local partner," he added.
Marcos met with the officials of the USMGC on the sidelines of his United Nations engagements in New York City on Monday.
The President said the project would create over 2,000 jobs and pave the way for the local production of essential medical supplies.
USMGC is a leading American manufacturer of nitrile and polyisoprene surgical and exam gloves.
