Author: 29042012

Japanese manufacturers move to Philippines   [Copy link] 中文

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Post time 2012-9-18 00:41:32 |Display all floors
FORGET CHINA AND INDIA, IT'S TIME FOR "BREAKOUT NATIONS" - INVESTING 201
The BRICS are so yesterday, says Morgan Stanley's Ruchir Sharma. Rapid growth can't be sustained and it's time to look to the next decade's big growers for big returns. Reuters Fred Katayama tells why Turkey, Indonesia and the Philippines are the next big bet. (April 25, 2012)
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Post time 2012-9-18 00:42:18 |Display all floors
h ttp://alphanow.thomsonreuters.c om/videos/investing-201/
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Post time 2012-9-18 01:27:22 |Display all floors
Manila Skyline
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Post time 2012-9-18 01:27:44 |Display all floors
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Post time 2012-9-19 23:10:53 |Display all floors
New Japanese investments expected to boost packaging, plastics sectors
September 2, 2012 5:24pm

Plastics manufacturers are expecting that new Japanese investments, especially those in the printing business, will boost the country's packaging sector and and their own industry.

At the technical consultation on the Japan-Philippines Economic Partnership Agreement (JPEPA), Philippine Plastics Industry Association member Vicente Co said that the new investors will require raw materials for their packaging.

“The prospects for business for the plastics manufacturers and packaging materials suppliers are looking up,” Co said.

Plastics manufacturers also cited other product tariff lines that the industry could explore under JPEPA, as they are not limited to supplying packaging products. For instance, Co’s company, Manly Plastics, also supplies bumper parts to auto companies like Toyota. Co said that they can diversify their product mix given preferential tariffs.

Other concerns raised by the chemicals, plastics, steel and auto industries included safeguards needed for domestic industries, compliance of parties, investment opportunities, and assessment of the impact of the agreement.

The technical consultation, organized by the Department of Trade and Industry, is part of its "One Country, One Voice" program to enable stakeholders to participate in trade policy formulation and trade negotiations.

“Trade policy formulation must be more consultative and effective to make sure policy makers and negotiators do not merely rely on econometric models to arrive at policy or negotiating positions,” DTI undersecretary Adrian Cristobal said in a statement.

JPEPA results

Also presented during the technical consultation were preliminary studies on the impact of the bilateral trade pact, showing increased investments after it took effect in December 2008.

Japanese-approved investments in the Philippines reached P70.737 billion in 2009 and P58 billion in 2010, much more than the P38 billion investments approved in 2007 before the agreement took effect.

Japan’s Nomura Research Institute also reported big-ticket investments entering or expanding in the Philippines in 2011, amounting to $1.049 billion. Some of these involved printer companies like Canon, Brother, and Epson.

Japan became the country’s leading investor in 2011, accounting for 30.2 percent of total foreign investments registered at the Board of Investments and Philippine Economic Zone Authority, two of the leading investment promotion agencies of the government.
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Post time 2012-9-19 23:12:15 |Display all floors
Fujifilm invests P673M

Fujifilm Optics Philippines, Inc., a subsidiary of Fujifilm Japan, is investing P673.3 million for the manufacture in Laguna of high-performance lenses for digital cameras, projectors and CCTV (surveillance) cameras, according to Philippine Economic Zone Authority (PEZA) director-general Lilia B. de Lima.

The Fujifilm project is only one of recent locators at the PEZA economic zone in Laguna which include, among others, Canon Business Machines and a number of other Japanese companies.

This Fujifilm high-optic lens  project will be located at the Carmelray Industrial Park I, a PEZA economic zone.  Construction of the factory is expected to start next month and commercial operations will begin in June next year.  De Lima said the project has been registered with the PEZA.

The new factory will offer an integrated production process from the polishing, coating and other processing procedures to the assembling of optical lenses. New production equipment, such as the lens polishing machine which polishes the surface of glass lenses with high precision at nano levels, and the vacuum evaporation machine which forms multilayer thin films for antireflection; will be introduced.

Fujifilm intends to increase the production to 18 million lenses a year by fiscal year 2015, so as to respond to the growing demand for optical lenses.  

De Lima also cited the recent investment by Canon Business Machines (Philippines) of P2.5 billion for the local production of laser printers.   

Other notable recent investments by Japanese firms include Philippine Manufacturing Co. of Murata that invested close to P3 billion to manufacture electronics products, Brother Industries (Philippines) also to manufacture printers and Furukawa Automotive Systems Lima Philippines investing P1.3 billion for the production of automotive products.

Bandai NAMCO Group, one of the biggest toy companies in Japan recently registered with PEZA and invested P526 million.  It is expected to lure some of its suppliers to also locate in the PEZA zones.

Also, two American companies have come in with significant investments in PEZA, acording to De Lima.  One is Molex Integrated Products Philippines, Inc., a manufacturer of electronics with a P1.147-billion investment, and the other is Knowles Electronics (Philippines) Corp. which will invest more than P626 million to manufacture audio devices for hearing aids and mobile/consumer electronics.  

De Lima said thesee big companies will attract their many suppliers to also locate in the Philippines to supply their parts and materials, PEZA also encourages them to source from local suppliers to reduce costs.

Expected direct employment from the above mentioned companies is easily over 10,000, said De Lima. She expressed optimism 2012 will be a banner year for PEZA as it targets an increase of 12 percent in investments, 12 percent in exports and 12 percent in employment.
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Post time 2012-9-19 23:19:40 |Display all floors
This post was edited by expatter at 2012-9-19 23:21




Oh dear  ...........   !

I love humour  ..........   

Um .........  !

Just why did these companies not take all these glorious advantages 50 years ago .............   ?

It is because the people in the Philippines have little need of work when they can send their daughters abroad as house slaves and sell them to foreigners ..........

You honestly do not think corporates have not tried this before  ..........  ???  

What a daft thread  ..........  

But what a great idea for them to try it again  ......

It should certainly convince them this time  .........

That many Philippinos  ........

Do not personally like work ...............   

But at least the company employess will get well 'screwed' all all aspects  ...........            



BTW ........

Thanks for the comedy  ..........    {:soso_e181:}





What the world needs is more geniuses with humility, there are so few of us left  -   Oscar Levant

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