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Taiwanese firm Tong Lung Philippines will expand and
beef up its manufacturing operations at the Subic Bay Metropolitan
Authority, the company announced Tuesday.
Tony Ho, company director, said
Tong Lung will invest P250 million in the new factory it will build
near its first manufacturing facility at the Subic Bay Industrial
Park.
Tong Lung produces and designs
metal products such as doorknobs, locks, the expansion has promised
to generate 600 new jobs. The company employs some 400 workers.
SBMA Administrator Armand Arreza
said the expansion project, the second to be announced by a Subic
locator this month, affirms Subic’s viability as an investment
destination.
Tong Lung exports its products to
various markets in Asia, America, Europe and Africa.
Through its main factory in
Taiwan and the Subic offshore unit, the firm is capable of producing
1.8 million locksets a month through the computer-aided design and
automated precision machinery.
Ho said Tong Lung has been
refocusing its mass production program to higher-end products, which
require strong and flexible capabilities in research and
development.
--Katrina Mennen A. Valdez
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