Tamiya Philippines Inc., a subsidiary of the Tamiya Group of Japan, has announced a P1.5 billion expansion at Cebu Light Industrial Park.
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.
Tamiya Philippines creates high-quality hobby items such as miniature model kits and radio-controlled cars, as well as metal molds, printing, and packaging.