15/07/2021
During an online roundtable meeting with Trade and Industry Secretary Ramon M. Lopez, the Philippines’ top Japanese investors in electronics and medical devices manufacturing reaffirmed their confidence in the country’s economy as they revealed plans to explore expansion and diversification of products in the country.
The ten Japanese locators that participated in the roundtable discussion organized and moderated by Commercial Counselor Dita Angara-Mathay include the biggest names in global image solutions, electronics components, and medical device manufacturing.
Brother Industries, Canon Inc., and Seiko Epson Corporation are among the top five vendors in the global multifunction printer market, according to a study by tech and advisory research firm Technavio.
Terumo Corporation and JMS Co., Ltd. are market leaders in the Asia Pacific medical device industry, specifically in the infusion therapy device segment.
ROHM Co., Ltd. commands an 80 percent share of the isolated gate driver integrated circuits market. Similarly, NIDEC Corporation and Minebea Mitsumi Inc. hold leading positions in the micro DC motors market. Murata Manufacturing Co., Ltd. commands about 40 percent of the global multilayer ceramic capacitors (MLCC) market, a key component of consumer electronics devices and automobiles, while IBIDEN is a market leader in the diesel particulate filter market.
The mentioned Japanese companies have chosen the Philippines as the manufacturing site of their most competitive products, leveraging mostly on the country’s high-quality human resources. Collectively, these companies represent $2.5 billion in investments, $6.9 billion in exports, and over 83,000 in total employment.
Read: bit.ly/36Jx8Vn
