The Major Economic Growth Drivers in the Visayas Region

Economic Growth Drivers in the Visayas Region

Major industries have been hit by the pandemic. The Philippines used to be among the countries with the most dynamic economies in East Asia and the Pacific but it contracted an estimated 9.5% GDP due to COVID-19. The good news is, the economy has started to bounce back. The Philippine GDP posted an 11.8% growth in the second quarter of 2021. There are also economic growth drivers in different regions that can put businesses back on track. 

In the Visayas region, several industries can spur growth in the years to come. If you are in this region, Elixir Industrial Equipment, Inc. can support you with the equipment you need to optimize your operations.

 

Top Industries in the Visayas Region

 

Central Visayas: Cebu, Bohol, Negros Oriental, and Siquijor

Travel and tourism, IT-BPM, Manufacturing, and Construction are the top growth drivers in the region that can contribute to the economy. Central Visayas has also been cited for its potential in the seaweed, dried mangoes, furniture, shipbuilding, and tourism industries. In addition to those are the industry and services sectors that can further propel economic growth.

 

Eastern Visayas: Samar, Leyte, Biliran

The Eastern Visayas region is mainly agricultural with manufacturing, wholesale and retail trade and services as its primary sources of revenue. Manufacturing firms and food processing plants in the region. It has been recognized for its potential in the industry of processed meat, fruits, and marine products, as well as in agribusiness.

 

Western Visayas: Aklan, Antique, Capiz, Guimaras, Bacolod, Iloilo and Negros Occidental

Western Visayas is the fastest-growing region in the Visayas. It recorded economic growth of 8.2% in 2019 with accommodation and food service activities as the top contributors. Other industries that are also present in the region include manufacturing, mining and quarrying,  financial, transportation, and storage.

 

Industry Solutions for Today’s Challenges

As businesses face today’s challenges, it is a relief to find industrial solutions that can support manufacturing needs. Elixir has a wide array of high-performance equipment to ensure that your operations will be efficient and trouble-free.

 

Coding and Marking Equipment

Elixir offers world-class coding and marking machines so you can increase your production line output while keeping your total cost of ownership low.  Our coding and marking machines allow ease of use, guarantee reliability, and are designed to meet specific industry or material application requirements.

Applications:

  • Food and beverage industry
  • Pharmaceutical industry
  • Cosmetics industry
  • Automotive industry
  • Cabling industry
  • Electronics industry

LEARN MORE ABOUT OUR CODING AND MARKING EQUIPMENT

 

Thermal Transfer Overprinters

If you’re looking for an ideal printing solution that works on flexible packaging films and self-adhesive labels, choose Thermal Transfer Overprinters. Suited for a wide variety of industrial applications, TTOs are equipped with a high-resolution thermal printhead that allows the transfer of ink onto various substrates and can be used for printing date codes, batch codes, logos, product descriptions, and more.

Applications:

  • Food and beverage industry
  • Pharmaceutical industry
  • Packaging industry

LEARN MORE ABOUT OUR TTOs

 

Gluing Machines

When in search of gluing machines, Elixir offers technologically advanced options with its intelligent and versatile equipment that are packed with innovative features to further optimize your operations. Designed to allow ease of use, these gluing machines can meet current needs and adapt to any work environment.

Applications:

  • Food and beverage industry
  • Manufacturing industry
  • Packaging industry
  • Pharmaceuticals industry
  • Automotive industry
  • Construction industry

LEARN MORE ABOUT OUR BATCH CODING MACHINES

 

Batch Coding Machines

Ensure a seamless operation from manufacturing to the movement of your products throughout the supply chain. Invest in batch coding machines that can help in the traceability of your products throughout the distribution process by affixing batch codes onto products with the same production time, date, and location. 

Applications:

  • Manufacturing industry
  • Packaging industry
  • Pharmaceuticals industry
  • Automotive industry
  • Construction industry
  • Electronics industry

 

ALSO READ: Key Facts to Learn About Gluing Machines

 

If you are in the Visayas region and wants to improve your business processes and make them more systematic, we can help you. Bounce back and help propel economic growth. Check out Elixir’s Cebu office at Mandaue City so we can provide you with the equipment that meets your requirements. You can find our contact information here.

 

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