The Subic Bay Metropolitan Authority (SBMA) has praised the government for pursuing Nidec Subic Philippines Corporation’s new venture, which is seen to infuse an additional P4.2 billion into Subic Freeport.
“We are very thankful for President Marcos’ successful official trip to Japan where he signed another blessing for us in the Subic Bay Freeport because this will create more jobs for our community, and bring better industrial peace,” SBMA chair and administrator Rolen Paulino said.
Paulino added that the President’s five-day trip to Japan reaffirmed the strong ties between the two countries.
“This new venture by Nidec Subic is a validation of the foreign investors’ strong confidence in the leadership of President Marcos, and in the Subic Bay Freeport, especially now that we have adopted a Fast, Friendly and Flexible customer service,” he said.
“Because of that, we are now expecting to draw more foreign investments to make it happen in the Philippines, particularly in Subic,” he added.
According to the SBMA Business and Investment Department for Manufacturing and Maritime, Nidec Subic will be producing precision gearboxes that ensure smooth and efficient gear operation in a wide range of applications such as robotics, aerospace and solar tracking.
It will initially require 1,074 workers.
Nidec is the world’s top manufacturer of small precision motors, and currently maintains the largest market share in the world for spindle motors, which rotate disks and are at the heart of hard disk drives used in personal computers.
