Japanese firm set to implement $300-million expansion plan in RP

Published by rudy Date posted on March 18, 2010

MANILA, Philippines – Japanese electronic firm Nidec Corp. is set to implement a $300 million (P13 billion) expansion program in the Philippines which is expected to create an additional 10,000 direct jobs, officials said yesterday.

Nidec Corp. manufactures small precision motors for various applications like computers, appliances and automobiles, electronic and optical components from cameras and other equipment, as well as machinery, including industrial robots. Nidec has factories, offices and research facilities in Japan, the US, Europe including the Philppines, Singapore, China, Taiwan and Vietnam.

Nidec Corp. chairman and chief executive officer Shinegobu Nagamori said the company decided to expand in the country due in part to the “sales skills” of Philippine Economic Zone Authority (PEZA) Director General Lilia de Lima.

NIDEC has an existing four plants in the country – three in Laguna and one in Subic.

NIDEC has already invested nearly P15 billion in the said plants that employ at total of 14,500 workers.

The company has invested nearly P15 billion in these plants that employ at total of 14,500 workers.

“They’re (NIDEC) going to double their capacity with $300 million or P13 billion and create 10,000 additional jobs. They are very happy with the labor standards of our workforce. They are willing to invest as much as $1 billion if there’s enough engineers and supply of raw materials,” Trade Secretary Jesli Lapus said. –Paolo Romero (The Philippine Star)

Nov 25 – Dec 12: 18-Day Campaign
to End Violence Against Women

“End violence against women:
in the world of work and everywhere!”

 

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.

 

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!

#WearMask #WashHands
#Distancing
#TakePicturesVideos

Time to support & empower survivors.
Time to spark a global conversation.
Time for #GenerationEquality to #orangetheworld!
Trade Union Solidarity Campaigns
Get Email from NTUC
Article Categories