A new factory of Fujifilm Optics Philippines Inc. in the Philippines will be exporting more than half of its output to two Asian countries.
According to Fujifilm Corp. President Shigehiro Nakajima, 30 percent of the factory production will go to registered businesses under the Philippine Economic Zone Authority, while the 70 percent balance will be exported to China and Japan.
He said that Fujifilm is expanding in the Asia-Pacific region, and that it chose the Philippines because of its skilled labor force, low turnover rates and government offering good tax incentives.
“Filipinos work hard, and the turnover rate is very low. Infrastructure is well-managed and government is having good tax incentive rates,” Nakajima added.
The lenses that will be made in the Philippine factory will be exported to Japan and China, and will be used on products such as cameras, medical apparatus, smartphones and television sets, among others.
Fujifilm Optics Philippines invested a total of 2.3 billion yen, or about P990 million for the manufacturing facility.
The construction of the factory began in November last year while initial production started late in May this year, for a shortened seven-month construction period. The facility started its full-blown production on Monday.
While local facility has 100 employees at present, Fujifilm said it targets to increase its labor force to 600 in 2015.
Fujifilm also targets to increase production capacity by 12 million and 18 million lenses annually by 2014 and 2015, respectively.
The new plant is located at the Carmelray International Business Park, Los Baños, Laguna. KRISTYN NIKA LAZO