Home Headlines Japanese firm starts P2.3-B expansion project in Subic

Japanese firm starts P2.3-B expansion project in Subic

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Inauguration of Sanyo Denki Phil.’s new building with SBMA chairman and administrator Eduardo Jose Aliño (2nd from right) and Sanyo Denki Philippines Inc. president and CEO Hirokazu Takeuchi (extreme right), director Koichi Uchibori, and chairman Chihiro Nakayama. Photo: SBMA

SUBIC BAY FREEPORT – Japanese company Sanyo Denki Philippines, Inc. has started the P2.3-billion phase 4 of its expansion project at the Subic Techno Park here. 

In an April 2 post on the freeport’s social media page, Subic Bay Metropolitan Authority chairman and administrator Eduardo Jose L. Aliño said the expansion project which includes the construction of a fourth factory building will need additional 1,500 workers to manufacture uninterrupted power supplies, cooling fans, servo amplifiers, and stepping motors. 

Aliño led the blessing and inauguration ceremony held last month inside the company’s grounds along with Sanyo Denki Philippines, Inc. chairman Chihiro Nakayama, director Koichi Uchibori, and president and CEO Hirokazu Takeuchi.

Takeuchi thanked the SBMA for its support in the expansion plans of their company, citing that the Subic Bay Freeport is the second home of Sanyo Denki as the parent company Sanyo Denki Co. Ltd. is located in Tokyo, Japan.

Currently, Sanyo Denki Philippines, Inc., which was registered with the Securities and Exchange Commission on Jan. 25, 2000, and with the SBMA on March 9, 2000, has three factory buildings, and a technology center they opened in 2019. 

The company manufactures and repairs electric machineries, electric appliances, computer wares, electronic materials, and all parts and accessories, sells scrap materials, and has a workforce that grew to 4,851 employees as of December 2023.

The company became the top Subic locator in exports value in the first quarter of 2021, according to figures from the SBMA Trade Facilitation and Compliance Department with a freight-on-board (FOB) value of $79.5 million or almost 25% of the total exports from Subic posted from January to March 2021.

Sanyo Denki was among the very few Subic locators allowed to continuously operate during the Covid-19 pandemic that was under enhanced community quarantine conditions to build cooling fans for the ventilators used for Covid-19 patients. SBMA PR

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