President Ferdinand Marcos Jr. revealed that a US-based medical company that produces medical gloves is investing $200 million to expand its operations in the Philippines by establishing a manufacturing facility in the country.

“On the sidelines of the visit, I also had the opportunity to meet with business leaders and investors. I met with a U.S. Medical Glove Company (USMGC) to discuss their plans to build a manufacturing facility in the country. If realized, the project could create more than 2,000 Filipino jobs,” said President Marcos Jr. in a press conference on Tuesday before he left the US to return to Manila.

Based in Harvard, Illinois, USMGC is an advanced manufacturing company producing high-quality industrial and medical examination nitrile gloves, as well as glove-making machines.

The President said the company has started its due diligence and has sent representatives to the Philippines to begin preparations for building its first plant and expanding operations further.

“They have already found a local partner. The first phase will be a smaller investment. But we're already talking about a larger investment. Now, this is going to be to our advantage dahil magkakaroon tayo ng supply hindi lamang para sa mga healthcare workers, pati sa military, pati sa lahat ng mga nangangailangan,” Marcos Jr. told reporters.

He said that if the company prospers and further expands its glove manufacturing operations, the country could also export the products to other countries.

“So, they want to do it as quickly as possible. They said that once machines have already arrived in the country and finish establishing their buildings, within 48 hours, they'll start the process already,” he said.

“It will also allow us to produce essential medical supplies locally and open new opportunities in the growing global medical manufacturing industry,” the President further said.

The Chief Executive’s meeting with USMGC officials took place on the sidelines of his participation in a United Nations event, where he delivered a national statement at the Commission on the Status of Women.

The investment of the American company is expected to help strengthen local capacity for medical-grade supplies, with the government expressing support for industries that enhance health security and supply chain stability.

The Philippines is in a good position for the planned investment by USMGC, considering its young workforce and growing industrial base.