Japan’s Tamiya to build P1.5-Billion New Production Plant in Cebu

Tamiya Philippines Inc., a subsidiary of the Tamiya Group of Japan, has announced a P1.5 billion expansion at Cebu Light Industrial Park.

Tamiya Headquartes in Shizuoka, Japan | Photo from Tamiya

The company that makes plastic models, printing, and packaging just broke ground on a new factory that will boost local production.

According to the company, the new factory would increase output by 5% over three years and increase capacity by 20% depending on demand. The company’s Cebu operations export $23 million worth of goods.

With a share of 65 percent, Japan receives the majority of the output. The United States accounts for 12% of exports, Germany for 10%, the United Kingdom for 7%, Thailand for 2%, and Hong Kong for 2%. The remaining 4% is made up of other markets.

Cebu City, Philippines | Photo from Unsplash

Tamiya Philippines creates high-quality hobby items such as miniature model kits and radio-controlled cars, as well as metal molds, printing, and packaging.



Ram Mancelita
Ram Mancelitahttps://sugbo.ph
"Experiencing Cebu one post at a time."

Editor | Cebu City

[email protected]

Similar Articles

Comments

  1. […] post Japan’s Tamiya to build P1.5-Billion New Production Plant in Cebu appeared first on […]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Search

Most Popular