JAPAN-BASED Toshiba group is scouting for growth opportunities in the Philippines, particularly in big-ticket projects like railway and renewable solar energy, to pull up overall group sales.
In a press briefing on Wednesday, Tatsuo Doko, Toshiba Corp. corporate representative for Asia and Toshiba Asia-Pacific managing director, said the group is looking to “expand the business in all areas” in the country.
Declining to give details, Doko said the group is targeting to participate in and bid for major infrastructure and energy projects in the Philippines such as railway and solar energy projects.
In 2015, the whole Toshiba group logged $50 billion in sales, of which 27 percent or $17 billion represented revenues generated from the Asian region.
Of the $17-billion sales in Asia, Toshiba Information Equipment (Philippines) Inc. contributed 12 percent or more than $2 billion in sales.
Established in 1996, Toshiba Philippines has since shipped 500 million hard disk drives (HDD) and solid state drives (SSD), accounting for 8 percent of the total electronic export devices from the Philippines during the period.
The local Toshiba unit has also engaged in a number of power plant, airports, and railway projects in the Philippines.
Doko said Toshiba Philippines has a yearly HDD and SDD production capacity of 60 million units at its Laguna Technopark facility, or a monthly output of 5 million HDD and SSD units.
It has another facility in Camelray Industrial Park, which is used as a storage facility.
Doko said the group expects to increase its revenue generation in the Philippines from the current 12 percent of Toshiba Asian sales.