Motorcycle, autoparts maker seeks BOI perks

MANILA, Philippines - A firm engaged in the manufacture of motorcycle and automotive parts is seeking incentives from the government for the production of electric vehicles.

“Notice is hereby given that KEA Industrial Corp. with project site located in 179 Wakas St., Mambog IV, Bacoor City, Cavite is applying for registration with the Board of Investments (BOI) as a new producer of electric vehicles on a pioneer status,” the BOI said in a published notice.

The firm’s facility has a capacity of 125 units per year.

If the application for registration with the BOI would be approved, KEA will be able to enjoy income tax holidays for six years for the project.

The firm will also qualify for duty-free importation of equipment and other non-fiscal perks.

The government offers incentives to firms which invest in activities being promoted in the 2012 Investment Priorities Plan (IPP).

The 2012 IPP has identified the manufacture or assembly of motor vehicles as a preferred activity.

The coverage of motor vehicles includes alternative fuel vehicles and electric vehicles.

Aside from the manufacture of motor vehicles, the following are likewise listed as preferred activities in the 2012 IPP: agriculture/agribusiness and fishery, creative industries/knowledge-based services, shipbuilding, mass housing, iron and steel, energy, infrastructure and Public Private Partnership projects, research & development, green projects, hospital and medical services projects, strategic projects, and disaster prevention and recovery projects.

Established in 1990, KEA manufactures metal products such as motorcycle and automotive parts, household appliance parts, as well as electronic parts.

The company said on its website that among its customers for motorcycle parts are Suzuki Philippines, Inc., Kawasaki Motors Philippines Corp. and Honda Philippines, Inc.

It also provides automotive parts to Isuzu Philippines Corp.