GOOD NEWS! JAPANESE BICYCLE MAKER SHIMANO INC. OPENS P1.32-B BATANGAS FACILITY
MANILA, Philippines - Japanese maker of bicycles and parts Shimano Inc. has opened its P1.32 billion (¥3.5 billion) facility in Batangas for the manufacture of bicycle parts for export.
According to First Philippine Industrial Park (FPIP), Shimano’s Factory, which is located within a 13.03-hectare area in FPIP in Sto. Tomas, Batangas, would manufacture various bicycle components mainly for the export market. “The Shimano Philippines facility, the Japanese firm’s first in the country, will manufacture various bicycle components mainly for the export market,” the statement read.
The Japanese bicycle parts manufacturer will be hiring 1,000 workers at its Batangas plant. Shimano Inc. was established in 1921 - Osaka, Shimano currently has over 40 factories and sales offices with close to 13,000 employees in more than 20 countries. Shimano is among the growing list of FPIP locators which include B/E Aerospace, Brother, Canon, Honda, Ibiden, Murata, Nestle, Philip Morris and Sunpower.
FPIP is a joint venture between First Philippine Holdings Corp., a holding company of the Lopez Group, and one of Japan’s biggest conglomerates Sumitomo Corp.