MinebeaMitsumi Inc., a Japan-based multinational producer of electronics devices, is investing around P4 billion for its planned expansion in Cebu, according to the Department of Trade and Industry .
“It is part of an elite roster of foreign direct investors whose cumulative investments in the Philippines amount to over $1 billion,” the DTI said in a statement on Tuesday. For his part, Chairman, President and CEO Yoshihisa Kainuma of MinebeaMitsumi said that “as a manufacturer of ultra-precision components, MinebeaMitsumi strives to construct a system for stable supply by taking advantage of the worldwide manufacturing bases while constructing the safe and secure system for production management.”
The company’s global operations span 96 research and development centers and factories in 22 countries. These facilities are backed by a labor force of close to 86,000.
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