Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

American Electronics Company to Invest $300m in Philippines

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Philippine Stock Market Board.

An unnamed American company that produces computer parts and accessories may invest $300 million in the country by transfering its current facilities from Japan to the Philippines, Ma. Elisa P. Osorio of the Philippine Star reported last Monday. It looked into leasing facilities at the Clark Freeport Zone in Angeles City or TIPCO Industrial Estates in Mabalacat, both located in the province of Pampanga.

The Chicago-based company already has three sites outside the United States: Japan, China and Singapore. The Philippine site will be producing products for its clients in the ASEAN region and the United States. Philippine Trade Undersecretary Cristino Panlilio refused to name the company but said “it is the second largest in the world in its line of business.”

Read more at The Philippine Star

Photo by thewalkingirony at Flickr.com

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Written by Raffy Pekson II

December 17, 2011 at 10:33 pm

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