Japanese Manufacturing Company Plans USD 710 Million Expansion of Subic Facility
The Department of Trade and Industry (DTI) said Japan’s Nidec Corp., a maker of electric motors, is planning a PHP 40 billion (USD 710.8 million) expansion of its manufacturing site in Subic in the next three years. The expansion targets a 50,000-unit augmentation to...
South Korean Firm to Invest PHP 750 Million in a Tapioca Starch Plant in Mindanao
Daesang Philippines Corp., the local unit of South Korea’s Daesang Corp., has received approval from the Board of Investments (BOI) to produce tapioca starch in the country via a PHP 750-million (USD 13.3 million) project that is also expected to hire nearly 500...
Kinetic Energy Storage Firm Expands its Operation Capacity in the Philippines
Amber Kinetics, a manufacturer of grid-scale kinetic energy storage systems (KESS) will complete its second manufacturing plant in the country by year-end, expanding its production capacity by more than double. Its first firm facility in the First Philippine...