Japan firm eyes P4B expansion in Subic
A Japanese manufacturing company is planning a P4-billion expansion project in the Subic Techno Park (STEP) at the Subic Bay Freeport Zone.
According to Subic Bay Metropolitan Authority (SBMA) chair and administrator Rolen Paulino, Nidec Subic Philippines Corporation’s expansion will generate employment to some 3,400 skilled workers.
For the project, the company plans to produce a new product called Flexwave, a middle-sized speed reducer for robots.
Nidec Subic is a manufacturer of reducer gears for robotic applications.
Paulino said the company plans to increase the number of workers from its current 625 to 4,028 once the expansion project has been completed by 2025.
“The number of skilled workers in the Freeport’s adjacent communities is certainly in high demand. The SBMA will help in any way it can to provide the company the manpower needed for its expansion operation,” he added.
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