DIVERSIFIED global technology company 3M has indicated it will pour in millions of dollars worth of additional investments in the country and create at least 1,000 jobs here following its move to put up a Global Service Center (GSC) in Manila.
Valued at $31.8 billion, 3M is one of the 30 companies that make up the Dow Jones Industrial Average (DJIA).
The Philippines is now the only Asian country to offer 3M’s most comprehensive technical services next to Wroclaw in Poland and Belen in Costa Rica.
At the grand launch of 3M’s first Asia-Pacific Global Service Center at Bonifacio High Street in Taguig, Hak Cheol Shin, executive vice president for international operations, said that the move is the first of two major investments the global firm is making in the Philippines.
Shin also expressed confidence that the Philippine economy would further accelerate under the Duterte administration.
“We chose Manila as our third GSC facility in the world because of the Philippines’ strategic advantages, which includes a well-qualified workforce and service center expertise,” he said
“With Manila at the very center of Asia-Pacific we will be able to partner with our two other GSCs to provide a truly 24/7 global service,” he added.
The Philippine GSC will be responsible for critical processes in finance, sourcing and procurement and human resources. It will also provide IT support for quality, reporting, analytics security and database management.
“With this move, the global firm expects to become the world’s leading science and manufacturing growth company and a provider of services at the global level,” said Reggie Pulumbarit, general manager of 3M GSC in the Philippines.
“3M expects the country to grow at a modest estimate of 5 percent this year. We have been here for 50 long years and expect us to help more in expanding your economy further into the next stage. We are very bullish when it comes to the Philippines. This is where the action is right now,” Shin said.
3M expects to fill more than 800 jobs over the next few years in Manila. The company is one of the most-sought after employers in the world, with over 88,000 employees worldwide. 3M is known for providing sustainable career opportunities and professional growth to all its employees.
This global manufacturing firm produces 55,000 products throughout the world, ranging from adhesives, abrasives, laminates, passive fire protection, dental and orthodontic products, electronic materials, medical products, car-care products (sun films, polish, wax, car shampoo, treatment for the exterior, interior and the under chassis rust protection) and electronic circuits and optical films.
3M has operations in more than 65 countries, including 29 international companies with manufacturing operations and 35 companies with laboratories.