First Philippine Industrial Park

What First Philippine Industrial Park does

First Philippine Industrial Park (FPIP) is a PEZA-registered special economic zone located in Sto. Tomas, Batangas, in the CALABARZON region of the Philippines, approximately 60 km south of Metro Manila. Established in 1996 as a joint venture between the Lopez-led Philippine conglomerate First Philippine Holdings (FPH) and Japan's Sumitomo Corporation, FPIP operates a 505-hectare main park plus a 75-hectare expansion area acquired in 2015 (First Industrial Township, formerly Philtown Industrial Estate) — totaling nearly 600 hectares of developed industrial land. The park hosts over 140 manufacturing and commercial locators across aerospace, automotive, consumer goods, electronics, medical devices, office equipment, and food and beverage, with more than half of tenants being Japanese companies brought in via Sumitomo's network.

FPIP's core products and infrastructure comprise prime-grade industrial lots for sale or long-term lease, a Ready-Built Factory (RBF) portfolio exceeding 180,000 square meters including built-to-suit variants, commercial spaces under the Oasis Commercial Center sub-brand, the Consuelo Park Pavilion (1,400 sqm event venue), Consuelo Park Residences (employee dormitories), and a 1.1 km linear park. Underlying infrastructure includes a 115kV substation with three-circuit redundancy and underground distribution, 15 deep wells with 24/7 supply and full-scale backup generators, centralized SCADA-automated wastewater treatment with phytoremediation and vermicomposting, multi-provider fiber-optic telecom (PLDT, Globe, Converge, InfiniVAN), 6-lane main roads with bicycle and pedestrian lanes, on-site banking (BPI, BDO, Metrobank, RCBC, Security Bank), an EV Charging Hub, and the Green Energy Option Project (GEOP) sourcing from Bac-Man geothermal. The park is reported to support approximately 80,000 jobs across its locators.

Revenue is generated through five recurring streams: industrial land leasing, ready-built factory leasing, commercial space leasing, utilities and infrastructure services (water, power, wastewater) via wholly-owned subsidiary FPIP Utilities, Inc. (FUI) which serves 150+ locators, and park management services (security, maintenance, government liaison, environmental compliance). Pricing is quote-based on multi-year contracts. The go-to-market combines direct enterprise sales targeting export-oriented manufacturers, channel-led attraction via Sumitomo Corporation's Japanese network, PEZA partnership-driven investor missions (Taiwan, ASEAN, BOI), and digital inbound via the corporate website and locator portal. FPIP has accumulated multiple sustainability and operational awards, including PEZA Hall of Fame and the inaugural PEZA Green, Healthy, Smart and Sustainable Award, the latter shared with only one other ecozone among 400+ in the Philippines.

Name

First Philippine Industrial Park

Legal name

First Philippine Industrial Park, Inc.

Website

https://fpip.com/

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

First Philippine Industrial Park is an economical property development zone that is a host to various manufacturing facilities.

Ownership category

akta.pro rank

Headquarters

HQ city

Santo Tomas

HQ country

Philippines

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Industrial Land Leasing: FPIP leases prime-grade and site-developed industrial lots to manufacturing companies for facility construction and operations
2. Ready-Built Factory (RBF) Leasing: Lease of locator-ready factory buildings totaling over 180,000 square meters of leasable RBF space. Includes built-to-suit options with customization
3. Commercial Space Leasing: Leasing of commercial spaces including hotel facilities, office spaces, retail spaces, events venues, and training facilities through Oasis Commercial Center
4. Utilities and Infrastructure Services: Supply and distribution of utilities including water, power, and wastewater treatment services through subsidiary FPIP Utilities, Inc. (FUI)
5. Park Management Services: Industry-leading park management including construction, maintenance, security, traffic management, government liaison services, emergency services, and environmental compliance

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

First Philippine Industrial Park (FPIP) develops, leases, and manages a PEZA-registered special economic zone in Sto. Tomas, Batangas, offering prime-grade industrial land and over 180,000 square meters of locator-ready factory buildings (including built-to-suit options) to export-oriented manufacturing companies. It complements the industrial real estate with commercial spaces, utilities (power, water, wastewater), telecommunications, park management services, and sustainability programs serving 140+ locators.

Product overview

First Philippine Industrial Park (FPIP) is a 505+ hectare PEZA-registered special economic zone in Sto. Tomas, Batangas, offering a portfolio of industrial and commercial real estate products and services. Its core offerings include prime-grade Industrial Land and Ready-Built Factories (RBFs) — including Built-to-Suit variants — for export-oriented manufacturing locators across sectors such as aerospace, automotive, electronics, and medical devices. Complementing these are commercial facilities: the Oasis Commercial Center (IT/commercial leasing), Consuelo Park Pavilion (events venue), Consuelo Park (linear park with jogging/biking trails), and Consuelo Park Residences (employee dormitories). Infrastructure services cover power (115kV substation), industrial water/wastewater treatment, telecommunications, and road networks. FPIP also provides park management (security, maintenance, government liaison), laboratory services, a Green Energy Option Project (GEOP), an EV Charging Hub, and a Virtual Tour. The portfolio totals over 180,000 sqm of leasable RBF space, serves over 140 locators, and creates approximately 80,000 quality jobs. FPIP is a joint venture between First Philippine Holdings and Sumitomo Corporation.

Differentiator

Problem solved

Functional benefit

Brands

• Oasis Commercial Center: PEZA-registered IT and facilities enterprise offering commercial lease spaces for BPO companies, featuring office, retail spaces, school, banks, and service providers.
• Consuelo Park Pavilion
• Consuelo Park
• FPIP Kabuhayan

Products and services

• Industrial Land Prime-grade, site-developed industrial lots within FPIP's PEZA-registered economic zone for light and medium manufacturing operations, offering strategic location, efficient layout, and access to supporting facilities and services enabling seamless construction and expansion.
• Ready-Built Factories (RBFs)

Quantifiable outcome

• Over 140 world-class manufacturing facilities and support services operate within the park
• +3 more outcomes

Named customers25 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Eleven partnerships are on record, tiered major, minor and core.

• PLDT EnterprisemajorTechnology or Integration · 3 March 2026PLDT Enterprise strengthened partnership with FPIP to bolster digital infrastructure for industrial locators, enhancing connectivity within the industrial park.
• Globe TelecommajorTechnology or Integration · 17 December 2025Globe and FPIP partnered to deliver fiber-fast internet in the Batangas industrial park, supporting digital transformation of locators.
• Gawad Kalinga Community Development FoundationmajorStrategic or Co-development Partner · 12 March 2025Gawad Kalinga joined the Sulong Batangas housing project, committing to build housing units and oversee community development aspects for typhoon victims in partnership with FPIP and LGUs.
• Converge ICT Solutions, Inc.majorTechnology or Integration · 15 October 2024Converge partnered with FPIP to equip the 600-hectare industrial hub with cutting-edge connectivity solutions for industrial locators.
• Philippine Red CrossminorStrategic or Co-development Partner · 17 August 2023FPIP partnered with Philippine Red Cross to organize disaster response teams in Batangas, enhancing emergency preparedness for the industrial park and surrounding communities.
• Sumitomo CorporationcoreStrategic or Co-development PartnerJapanese conglomerate Sumitomo Corporation is the joint venture partner providing expertise in industrial park development and management. Its network and sales arm are instrumental in attracting Japanese locators - more than half of locators inside the park. Sumitomo Corporation is also a leading industrial park developer and operator in Vietnam, Indonesia, Myanmar, Bangladesh, and India.
• First Balfour, Inc.majorStrategic or Co-development PartnerFirst Balfour, Inc. partnered with FPIP in COVID-19 vaccination efforts, donating 10,000 vaccine doses to host communities of Sto. Tomas and Tanauan.
• FIRST CollegemajorStrategic or Co-development PartnerFIRST College partnered with FPIP in COVID-19 vaccination efforts, supporting the vaccination program for FPIP community and host communities.
• Laguna Lake Development Authority (LLDA)minorStrategic or Co-development PartnerFPIP supports LLDA's initiatives to protect Laguna de Bay watersheds and participates in Water Quality Management Area (WQMA) to safeguard vital water resources.
• Department of Environment and Natural Resources (DENR)majorStrategic or Co-development PartnerDENR partners with FPIP on environmental compliance, tree planting initiatives, river cleanups, and environmental education support through annual Brigade Eskwela program.
• International Finance Corporation (IFC)minorStrategic or Co-development PartnerIFC conducted EV System Study at FPIP in partnership with First Balfour to explore electric vehicle infrastructure opportunities within the industrial park.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Laguna Technopark: PEZA-registered industrial park in Biñan, Laguna operated by SPPi (Ayala group). Hosts many Japanese manufacturers and offers directly comparable industrial land, ready-built factory, and utilities products to export-oriented tenants in CALABARZON.
• Light Industry & Science Park (LISP): Largest privately-owned PEZA-registered industrial park in the Philippines, located in Biñan, Laguna. Targets the same export-oriented Japanese and multinational manufacturing customer base with similar industrial land, RBF, and utilities offerings.

Regional players

• Vietnam Singapore Industrial Park (VSIP): Joint venture between Vietnamese and Singaporean partners developing integrated industrial and urban parks across Vietnam. Directly competes for Japanese and broader Asian manufacturing FDI that FPIP also targets, including through Sumitomo Corporation's network.
• Amata Corporation: Major Thai industrial park developer with flagship Amata City Chonburi (Thailand) and Amata City Haiphong (Vietnam). Competes for ASEAN manufacturing FDI and serves as a regional alternative for Japanese manufacturers evaluating the Philippines.
• Industrial Estate Authority of Thailand (IEAT): Thai government agency operating large industrial estates including Eastern Seaboard. Provides comparable tax incentives and infrastructure to attract Japanese manufacturers, making it a key regional alternative to FPIP for export-oriented industrial tenants.
• Clark Development Corporation: State-owned operator of Clark Freeport Zone in Pampanga, Philippines. Offers comparable tax incentives and industrial infrastructure to manufacturers, though with a different governance model; competes for the same Philippine manufacturing FDI pool.
• Subic Bay Metropolitan Authority: Government operator of Subic Bay Freeport Zone, another major Philippine economic zone with PEZA-equivalent tax incentives. Serves as a competing Philippines-based destination for export-oriented manufacturers and logistics-intensive tenants.

Broad incumbents

• CapitaLand Investment: Singapore-based global real estate company with industrial REITs (including Ascendas) and business park developments across Asia. Broader portfolio but competes for industrial FDI and capital flows in the same regional ecosystem as FPIP.
• Frasers Property: Singapore-based diversified real estate group with industrial and logistics developments across Southeast Asia, including Vietnam. Competes at the broader Asian industrial real estate level for the same Japanese and multinational manufacturing tenants.
• JTC Corporation: Singapore government agency developing and managing industrial estates including Jurong Lake District and regional industrial parks. Sets regional benchmarks for industrial park operations and competes for premium manufacturing investment across ASEAN.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FPIPInc
• Instagraminstagram.com/fpipinc

Compliance18 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Philippine Industrial Park