A MANUFACTURER of airplane interiors has chosen the Philippines as the site of its new $30-million factory which will produce Airbus kitchen structures, officials yesterday said.
B/E Aerospace, Inc. chose the country over 31 other investment sites to accommodate a “multi-billion-dollar contract to manufacture galleys for the Airbus A350XWB,” the British embassy said in a statement.
The country bested China, India, Thailand, Vietnam, Tunisia and Indonesia which were being considered as investment sites as well, the company’s Philippines Development Director Mark Henke said in an e-mail.
The operation, in the First Philippine Industrial Park economic zone in Batangas, will export its output to Marseille and Toulouse in France by 2012 and will generate 300 new jobs here.
“[We chose the Philippines because of its] good government tax policies for foreign direct investments, strong people skills and competitive labor rates,” Mr. Henke said. “Future expansion [could be possible] for different products and probably against contract awards.”
British Ambassador Stephen Lillie, in the statement, said: “I hope this will go to show that the Philippines offers opportunities for business success not only in the service sector but in manufacturing also.”
The UK has been the largest investor in the Philippines for the past decade, according to the British embassy. Combined net foreign direct and net portfolio investments from 1999-2009 amounted to $9.7 billion, rivalled only by Singapore with a much smaller $6.7 billion in cumulative investment.
“We hope the new Philippine administration will take proactive measures to create a more attractive investment climate for the Philippines, so that there will be even more projects like this,” Mr. Lillie said.
B/E Aerospace is said to be the leading manufacturer of passenger cabin interior products. — Jessica Anne D. Hermosa, BUsinessworld
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
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27 Sept – World Tourism Day
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Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
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National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
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Sept 17 – 23:
World Clean and Green Week
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Last Week: National Family Week
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Third Saturday:
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Third Monday: World Health Day
Last Friday: National Maritime Day
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