Japan's Epson to build biggest factory in Philippines

[Aepsilons]

MANILA - Low and stable labor costs in the Philippines are driving Japanese electronics company Epson to build its biggest manufacturing plant in Batangas.

The new factory is expected to employ 20,000 workers once completed in 2017.

"I think the Philippines has one of the most competitive labor cost sin the region," Epson Philippines country manager Toshimitsu Tanaka told reporters in an interview last week.

Tanaka said that the labor force in China is now becoming saturated and more expensive, adding that the same is also true in Indonesia, which hosts the company's second largest plant with 10,000 employees manufacturing inkjets and projectors.

"Based on the current situation, we have no plans to expand the China factory because of labor costs. China's labor force very, very high by almost 20 percent (compared to the Philippines)," Tanaka said. "The Philippine labor cost is stable so we can predict salary."

Aside from having a large and cheap labor force, the English proficiency of Filipinos is also a big advantage compared to Chinese and Indonesians, Tanaka said.

The expansion of the plant in Lipa, which today has 12,500 employees, is expected to cost 12.3 billion yen or about P4.6 billion.



Japan's Epson to build biggest factory in Philippines

 

[Aepsilons]

Thank You, Aquino-San, for your support of our investments into your country.

Maraming Salamat !

 

[Zero_wing]

I wish you find other places in the Philippines to invest not just in Luzon and am from Luzon

 

[Zero_wing]

Well i hope you guys invest in other regions in the Philippines not just Luzon i may be guy from Luzon but others need development too but thanks Japan

 

[Bussard Ramjet]

MANILA - Low and stable labor costs in the Philippines are driving Japanese electronics company Epson to build its biggest manufacturing plant in Batangas.

The new factory is expected to employ 20,000 workers once completed in 2017.

"I think the Philippines has one of the most competitive labor cost sin the region," Epson Philippines country manager Toshimitsu Tanaka told reporters in an interview last week.

Tanaka said that the labor force in China is now becoming saturated and more expensive, adding that the same is also true in Indonesia, which hosts the company's second largest plant with 10,000 employees manufacturing inkjets and projectors.

"Based on the current situation, we have no plans to expand the China factory because of labor costs. China's labor force very, very high by almost 20 percent (compared to the Philippines)," Tanaka said. "The Philippine labor cost is stable so we can predict salary."

Aside from having a large and cheap labor force, the English proficiency of Filipinos is also a big advantage compared to Chinese and Indonesians, Tanaka said.

The expansion of the plant in Lipa, which today has 12,500 employees, is expected to cost 12.3 billion yen or about P4.6 billion.



Japan's Epson to build biggest factory in Philippines

What do you mean by highlighting the red part?

 

[kolinsky]

Is Epson still alive? Since long I have not seen an epson product.

 

[FairAndUnbiased]

"low and stable labor costs" is just another term for "poor, still poor and gonna stay poor"

such is the nature of predatory corporates.

 

[Jlaw]

Is Epson still alive? Since long I have not seen an epson product.

LOL. I was going to write that. I didn't know they still thriving.

 

[JayMandan]

With new investments coming in, it won't be as poor as before. Also, to a country where people are allowed to speak out about anything, there won't be such thing as "stable labor costs". Anyway, we have a lot of young skilled workers waiting to get jobs. Ty Japan.

 

[Zero_wing]

Wow the 1.3 billion speak of poverty as if you have no poor drones

 

[Aepsilons]

Well i hope you guys invest in other regions in the Philippines not just Luzon i may be guy from Luzon but others need development too but thanks Japan

Luzon has the benefit of being so close to the Manila Capital Region, home to one of the best infrastructure and supply chain for the country. But its impressive , really, to see Epson taking a more permanent presence in the Philippines.

@JayMandan , @Zero_wing , @Cossack25A1 --- here is the current EPSON Plant in Luzon, we will expand this to double the facility's current size.

 

[Zero_wing]

good looking facility

 

[Aepsilons]

With new investments coming in, it won't be as poor as before. Also, to a country where people are allowed to speak out about anything, there won't be such thing as "stable labor costs". Anyway, we have a lot of young skilled workers waiting to get jobs. Ty Japan.

Not too far away is the Suzuki Corp manufacturing center. Luzon is the home base in ASEAN. Subsidiary plants are found in Indonesia, Thailand, et al.


Pilipinas, Game Ka Na Ba? LOL!

Planned expansion:

good looking facility

It currently employs over 12,500 Filipinos, with plans to soon employ 20,000 !

EPSON has also made contribution to community building, educational grants, and internship possibilities for many of the educated Filipinos in the surrounding community. We are vested in local governance, educational reform, and most of all, community building relations.

We hope to stay in the Philippines permanently.

 

[Zero_wing]

Ya but again Utilities would problem particularly electricity too expensive

 

[Aepsilons]

Ya but again Utilities would problem particularly electricity too expensive

That's one issue that Japan has realized with the Philippines' electricity needs. I think this will pave way for immediate future possibilities in energy investments for the country.

With more Japanese businesses coming to the Philippines, we can expect local government to tap into the needs of investors so that the country remains an investor-friendly destination.

I have confidence in Manila's ability. So far they have satisfied investors !