Science Park of the Philippines, Inc. (SPPI) said it signed a locator agreement with a Japanese manufacturer, which plans to make automotive wiring components in Bataan’s Hermosa Ecozone Industrial Park. READ:
“Established at an estimated cost of P230 million, Yokowo’s 3.7-hectare factory in the Philippines will produce automotive wiring harness and components and is expected to hire around 800 people,” the SPPI said in a statement on Wednesday.
In October 2020, the Trade department announced that Yokowo selected the Philippines as a manufacturing site from various Southeast Asian options. SPPI owns, develops, and operates private ecozone estates in Cabuyao and Calamba, Laguna, Sto. Tomas and Malvar, Batangas, Hermosa, Bataan, and Lapu-Lapu City, Cebu. The developer controls nearly 800 hectares of land.
The company said its locator portfolio includes companies from Japan, Taiwan, South Korea, the US, Australia, and Europe, “including major multinational companies and Fortune 1000 and Forbes Global 2000 companies.”nancial services, property development, and exhibition facilities. Group companies include Manila Exposition Complex, Inc. which owns the World Trade Center Metro Manila; Pueblo de Oro Development Corp.; and the Investment & Capital Corp. of the Philippines.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall of Remembrance launched in Davao City to honor heroes vs Marcos dictatorshipDAVAO CITY (MindaNews / 21 September) – A “Wall of Remembrance” to honor heroes who fought the Marcos dictatorship was launched at the Forest Lake Premier memorial park here on Wednesday, September…
Read more »
2nd MegaSportsWorld outlet launched at Winford Manila - BusinessMirrorWinford Manila Resort & Casino (WMRC) and MegaSportsWorld (MSW) on September 9 formalized their partnership through a ribbon-cutting ceremony held at the luxury casino hotel located in San Lazaro Tourism & Business Park, Sta. Cruz, Manila. Owned and operated by Manila Jockey Club Investment Corporation (MJIC), WMRC is a hospitality and tourism destination that began
Read more »
PEZA counting on upgraded trade facilitation, seamless logistics to draw ecozone locators - BusinessWorld OnlineThe Philippine Economic Zone Authority (PEZA) said it is hoping to make its economic zone offering more attractive to locators by offering seamless trade facilitation and upgraded logistics. READ:
Read more »
Timely passage of 2023 budget to help PHL gov’t achieve economic goals - BusinessWorld OnlineTHE TIMELY PASSAGE of the proposed 2023 national budget will help ensure the fulfillment of the administration’s socioeconomic agenda, leaders of the House of Representatives said as they began plenary debates on the spending plan on Tuesday. READ:
Read more »
Denso’s P60-M hydroponic farm seen to boost food security - BusinessWorld OnlineDENSO PHILIPPINES Corp. recently launched a P60-million hydroponic farm in Ibaan, Batangas in a bid to support the development of the country’s agriculture sector. READ:
Read more »