MANILA, Feb. 10 (PNA) — Taiwanese electronics firm New Kinpo eyes the Philippines as production base for consumer electronics after it will open its new facility here.
New Kinpo will start the operation of its Php1.4 billion plant in Batangas through its subsidiary Kinpo Electronics, Inc.
New Kinpo CEO Simon Shen said the company targets to focus its operation to become the main production base for consumer electronics products such as calculators and electronic keyboard for a known Japanese brand.
Kinpo Electronics produces a wide range of consumer electronics products such calculators, printers, 3D printers, external hard disc drives, modems, and motherboards for brands like HP, Toshiba, Western Digital, and Casio.
The company intends to invest the same amount this year for a new expansion program, which in total will employ up to 6,000 personnel.
Previous investments of the Taiwanese firm in the country include AcBel Polytech Inc. which manufactures LED lighting and smart grid solutions as well as CalComp Electronics and Communications Co. that produce of handsets, printers, and LCD televisions.
“We are continuously bringing to fruition government’s efforts to boost Philippine economic relations with Taiwan as we welcome more inbound trade missions from Taiwan and enable businesses like New Kinpo to flourish in the Philippines,” said Department of Trade and Industry (DTI) Undersecretary Ponciano C. Manalo, Jr. (PNA)