Inquirer
Japanese manufacturer P.IMES will increase business in PH, says PEZA
Japanese firm P.Imes Corp. is investing an additional PHP1.8 billion to expand its manufacturing operations in the Philippines, specifically to increase production capacity at its facility in the Cavite Economic Zone.
The expansion project, which commenced operations this month, is anticipated to create over 200 new jobs for Filipinos.
In addition to boosting production, P.Imes Corp. will partner with universities to enhance the skills of future professionals in advanced prototyping, aiming to foster innovation within the manufacturing sector.
This latest investment by P.Imes Corp. builds upon its existing PHP3 billion investment in the Philippines as of December 2024.
The expansion will increase the company's production capacity of medical equipment.
PEZA stated that Japan remains the top source of investors in the Philippines, hosting 800 registered Japanese business enterprises that have brought in over P500 billion in investments and provided jobs to 300,000 workers.
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