KYOTO, Japan-based electronics maker Murata Manufacturing Co. Ltd. yesterday opened its first plant in the Philippines and is open to expanding in the country.
The company opened its 3.6-hectare plant at the First Philippine Industrial Park in Tanauan, Batangas. The plant sits on a 22.7-hectare land in the economic zone.
The plant will be operated by its local unit, Philippine Manufacturing Co. of Murata, Inc., which is led by its president, Takashi Masuda.
Earlier reports said the firm would spend about P350 million on the facility, but company officials yesterday would not disclose a definite amount for the construction of the building, equipment and lease of the land.
The plant, which will make ceramic capacitors, is scheduled to go into commercial production in January next year, the president of the parent firm, Tsuneo Murata, said during his speech at the opening ceremony.
“We believe in the importance of the ASEAN (Association of Southeast Asian Nations) region,” Mr. Murata said.
“The Philippine plant is our fourth in the region and it has the largest growth area for expansion,” he added.
Murata manufactures ceramic capacitors and other electronic components that are used in cellphones, smartphones, laptops, televisions and cars. Bulk of the products to be made at the new plant will be exported, Mr. Murata said.
The company has three other plants in Southeast Asia -- in Singapore, Thailand and Malaysia, with the latter two up for expansion, he added.
Listed on the Tokyo Stock Exchange, Osaka Securities Exchange and at the Singapore Exchange, the company also has subsidiaries in the United States, Europe, China and Latin America.
Mr. Murata said the firm is open to expanding its operations in the Philippines, depending on market demand.
Mr. Murata said there is a lot of potential for growth in electronics exports because there are new markets opening up.
“There is a possibility of constructing three more buildings of the same size in the area. So we will have four buildings with 3,000 employees,” said Mr. Murata.
“We would like to see our first building filled first and also base the expansion on the economic situation,” he added.
He said the firm chose the Philippines for its relatively cheap labor cost, fewer turnover, potential for skills training and ease of communication.
The Philippine official assured support for the firm. “We are working closely with locators. We are also inviting more investors in power to make sure that power rates are lowered,” Lilia B. De Lima, director-general of the Philippine Economic Zone Authority, said during the event. -- ENJD
The company opened its 3.6-hectare plant at the First Philippine Industrial Park in Tanauan, Batangas. The plant sits on a 22.7-hectare land in the economic zone.
The plant will be operated by its local unit, Philippine Manufacturing Co. of Murata, Inc., which is led by its president, Takashi Masuda.
Earlier reports said the firm would spend about P350 million on the facility, but company officials yesterday would not disclose a definite amount for the construction of the building, equipment and lease of the land.
The plant, which will make ceramic capacitors, is scheduled to go into commercial production in January next year, the president of the parent firm, Tsuneo Murata, said during his speech at the opening ceremony.
“We believe in the importance of the ASEAN (Association of Southeast Asian Nations) region,” Mr. Murata said.
“The Philippine plant is our fourth in the region and it has the largest growth area for expansion,” he added.
Murata manufactures ceramic capacitors and other electronic components that are used in cellphones, smartphones, laptops, televisions and cars. Bulk of the products to be made at the new plant will be exported, Mr. Murata said.
The company has three other plants in Southeast Asia -- in Singapore, Thailand and Malaysia, with the latter two up for expansion, he added.
Listed on the Tokyo Stock Exchange, Osaka Securities Exchange and at the Singapore Exchange, the company also has subsidiaries in the United States, Europe, China and Latin America.
Mr. Murata said the firm is open to expanding its operations in the Philippines, depending on market demand.
Mr. Murata said there is a lot of potential for growth in electronics exports because there are new markets opening up.
“There is a possibility of constructing three more buildings of the same size in the area. So we will have four buildings with 3,000 employees,” said Mr. Murata.
“We would like to see our first building filled first and also base the expansion on the economic situation,” he added.
He said the firm chose the Philippines for its relatively cheap labor cost, fewer turnover, potential for skills training and ease of communication.
The Philippine official assured support for the firm. “We are working closely with locators. We are also inviting more investors in power to make sure that power rates are lowered,” Lilia B. De Lima, director-general of the Philippine Economic Zone Authority, said during the event. -- ENJD
via Business World
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