What should you look for when choosing the right industrial park for your manufacturing business?
- Ecozone status
- Location and accessibility
- Utilities and amenities
- Networking opportunities
- Sustainability practices
Overview
- Choosing the right industrial park can enhance operational efficiency, foster long-term growth, and boost cost-effectiveness for manufacturing businesses.
- Key considerations for choosing the perfect industrial park for you include ecozone status, location and accessibility, utilities and amenities, networking opportunities, and sustainability practices.
- Knowing what to look for in an industrial park helps businesses choose the right location to support efficient operations and long-term success.
Choosing the right industrial parks for your manufacturing business can offer plenty of benefits, from making daily operations smoother to supporting your long-term growth.
These parks provide a great environment to set up and grow your business, thanks to their strategic locations, solid infrastructure, and helpful features. So whether you’re starting fresh or moving an existing business, picking the right industrial park is an important step that affects how efficiently and cost-effectively you can run your operations.
This article breaks down the key things to consider when choosing the best industrial park for your manufacturing needs.
Ecozone Status
One of the key considerations when choosing an industrial park for your business is the potential tax benefits. Businesses operating in ecozones often enjoy substantial tax incentives, including exemptions from national and local taxes.
This is one of the key reasons why the Science Park of the Philippines (SPPI) is an attractive option for manufacturers.
As a PEZA-registered park, SPPI offers a range of incentives designed to help businesses save on costs and streamline their operations. These include tax holidays, which provide extended periods of tax exemption, and the duty-free importation of equipment, allowing businesses to bring in their machinery without incurring additional costs.
Location and Accessibility
Choosing the right industrial parks for your manufacturing business involves considering location and accessibility. Industrial parks near major transportation routes—like highways, railroads, and ports—make it easier to move raw materials and finished goods.
This can help reduce transportation costs and lead times, which is essential for staying competitive in manufacturing. Being close to suppliers and customers also helps lower logistics costs, which can directly benefit your bottom line.
The Science Park of the Philippines (SPPI) offers several industrial parks in key locations across the Philippines, including LISP I in Cabuyao, LISP II in Calamba, LISP III in Santo Tomas, and LISP IV in Malvar, Batangas. Each is conveniently located to provide easy access to major transportation routes and urban centers.
Additionally, Cebu Light Industrial Park in Lapu-Lapu City further expands access to the Visayas region, while the Hermosa Ecozone Industrial Park, adds to SPPI’s reach across the country.
Utilities and Amenities
Industrial parks offer a range of utilities and amenities, making them a great choice for setting up your manufacturing business.
For instance, they provide reliable power through independent grids, which helps minimize downtime from outages. Water supply systems and wastewater treatment facilities ensure a steady flow of water for production while meeting environmental standards.
At SPPI parks, like LISP IV, high-capacity power grids with backup storage manage peak demand, ensuring operations run smoothly. Centralized waste management also helps businesses reduce costs and improve environmental performance.
With these services in place, companies can operate efficiently and sustainably, supporting long-term growth.
Networking Opportunities
Being part of an industrial park also provides access to valuable networking opportunities. Being close to businesses in similar or complementary industries makes it easier to collaborate, share ideas, and find solutions that can improve processes and products.
Networking within an industrial park can lead to partnerships or joint ventures, allowing businesses to combine their strengths, stay competitive, and explore new opportunities.
SPPI is home to a diverse range of businesses, from multinational companies to local enterprises. This mix creates a collaborative environment where companies can work together, share resources, and drive innovation.
Furthermore, the sense of community within the park helps businesses unite to advocate for policies or initiatives that benefit everyone.
Sustainability Practices
Choosing an industrial park with sustainable practices is essential for manufacturing businesses, as it promotes both efficiency and environmental responsibility. Sustainable parks focus on reducing energy and water use, as well as minimizing waste, helping manufacturers lower their environmental impact.
Many parks feature waste management systems encouraging recycling and a circular economy, conserving resources.
SPPI, for example, integrates renewable energy like solar power at LISP IV in Malvar, Batangas, reducing its environmental footprint and providing reliable, cost-effective power. This supports sustainability goals while lowering operational costs.
SPPI has been recognized for its sustainability efforts, including the PEZA Hall of Fame and the 2020 PEZA Excellence Award for Green, Healthy, Smart, and Sustainable Ecozone. The LEED Gold certification for the LISP IV Administration Building further highlights its commitment to sustainable development.
Key Takeaway
By knowing what to look for when setting up your manufacturing business, you can more easily determine the best industrial park suited to your operations and long-term needs.
Ensure that your manufacturing business is set up for success with Science Park of the Philippines. Contact us today!
