Philippines: Sumitomo Wiring System to create 10,000 jobsChristian Fernsby ▼ | September 19, 2020
A new Japanese factory in northwestern Philippines will create at least 10,000 jobs in the area, the country’s trade secretary said on Friday.
Philippines Sumitomo Wiring System
Topics: Philippines Sumitomo Wiring System
“It will not only generate more jobs in the area, but also boost the development of wiring industry as a part of the global value chain,” said Ramon Lopez, secretary of the Philippines’ Department of Trade and Industry.
The new factory will operate under Sumitomo’s subsidiary – Sumi North-Philippines Wiring System – in the Philippines, the company’s ninth unit in the country.
“We are working towards cementing the Philippines’ role as a competitive hub for wiring harness production in the region,” said Dita Angara-Mathay, the DTI’s special trade representative in Tokyo.
“With eight players already operating in the country, we are expecting one more investor from Japan to join this group of foreign investors in wiring harness manufacturing.” ■