Subic Bay Freeport – Nidec Subic Philippines Corp. will soon open about 5,000 jobs from its expansion in this Freeport,
Nidec Subic president Takeshi Yamamoto disclosed this during a simple awarding ceremony of the certificate of registration with incentives under the Corporate Recovery and Tax Incentives for Enterprises Act for the company’s P4.2-billion expansion project.
Yamamoto said the company chose Subic Bay Freeport for its expansion because of its strategic location, making it possible for them to market their products to the European Union, the United States, Brazil, Korea and China. Tan said Kinematix is a new product that is a high-accuracy gearbox used as base, arm or shoulder for industrial robots for auto tool changer/ loader of machines. He said the aim of the expansion of Nidec Subic Philippines is to produce these gearboxes outside Japan.
He said this is the first expansion of the company outside Japan which was made possible due to the CREATE law.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2 drug pushers nabbed, yield P177,000 shabuBACOLOD CITY – Two suspected drug pushers were arrested in a buy-bust operation in Barangay 4, San Carlos City, Negros Occidental on Thursday, September 7.
Read more »
BCDA seeks Japanese investors in ClarkThe Bases Conversion and Development Authority sought potential partners for the development of Clark Freeport Zone and New Clark City
Read more »
DMW shuts down consultancy firm illegally recruiting seafarersThe Department of Migrant Workers finds that RTM Maritime Consultancy Services Corporation allegedly collected placement fees of more than P100,000 from aspiring seafarers
Read more »
DTI: 25K small rice retailers to get P15K aid before weekendAn initial batch of 25,000 resellers of regular and well-milled rice in Metro Manila markets will get a P15,000 subsidy
Read more »
Rice retailers affected by rice cap may get ₧15K aid–DSWD chiefThe Department of Social Welfare and Development (DSWD) is ready to provide P15,000 in cash assistance to small rice retailers who may incur losses due to the Malacañang-mandated price ceiling on rice, which became effective on Tuesday, even as the House Committee on Appropriations searches for unprogrammed funds in the…
Read more »
World leaders talk trade, security in ASEAN-led summitWorld leaders are expected to have a series of meetings on security and trade at the ASEAN summit against a backdrop of simmering tensions and open conflicts in parts of the world
Read more »