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  1. ghosthunter's Avatar
    ghosthunter
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    June 26th, 2013 12:34 PM #1
    Bicycle maker Shimano to put up Philippine factory
    By: Ben Arnold O. De Vera, InterAksyon.com
    June 25, 2013 2:33 PM



    MANILA - (UPDATED 5:04 p.m.) Japanese bicycle manufacturer Shimano Inc will put up a factory in the Philippines, Ambassador Toshinao Urabe of Japan said today.

    Shimano is one of “quite a few” Japanese firms that consider the Philippines a viable investment destination, Urabe told reporters on the sidelines of the joint membership meeting of the Japanese Chamber of Commerce and Industry of the Philippines Inc (JCCIP) and the Makati Business Club on Tuesday.

    On its website, Shimano said the Philippine facility will be operated by its subsidiary, Shimano (Singapore) Pte Ltd.

    The investment was made “to set up its production system in order to enhance its production capabilities for the emerging market,” the company said.

    The investment for Shimano (Philippines) Inc is worth 3.5 billion Japanese yen or at least P1.5 billion.

    The factory will churn out bicycle components and mountain bikes, which will be exported to the so-called BRICS markets, said JCCIP vice president and executive director Nobuo Fujii.

    BRICS refer to Brazil, Russia, India, China and South Africa.

    The Shimano facility will rise on a 106,620-square meter site within the First Philippine Industrial Park in Tanauan City, Batangas. Construction of the factory will start next month, Urabe said.

    Shimano’s Philippine facility should be completed by July next year, as operations are slated to begin in December 2014.

    Osaka-headquartered Shimano produces and distributes bicycle components, cold forging products, fishing tackle and rowing equipment, its website said.

    The company has 44 consolidated subsidiaries with over 12,000 employees.
    source: Bicycle maker Shimano to put up Philippine factory - InterAksyon.com
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  2. niky's Avatar
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    June 26th, 2013 05:17 PM #2
    That's actually pretty fantastic news...

    Ang pagbalik ng comeback...
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  3. box_type's Avatar
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    box_type is offline Tsikot Member Rank 2
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    June 26th, 2013 05:35 PM #3
    good for local employment, sayang they won't be selling in the local market
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  4. Mguy's Avatar
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    June 26th, 2013 05:44 PM #4
    Damn! Sana makabili ng gruppo dito. But very good news. Hope that thing grows here.
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    June 26th, 2013 08:18 PM #5
    a good news for local employment

    a sad news because we cannot buy locally the produce, dito pa gagawin eh export lang pala nila...
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  6. Retz's Avatar
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    June 26th, 2013 09:33 PM #6
    we welcome this development.
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  7. erj22
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    June 26th, 2013 09:34 PM #7
    baka naman merong "factory price" para sa atin. :D
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Bicycle maker Shimano to put up Philippine factory