ABOITIZ InfraCapital, Inc. (AIC) on Thursday said Japanese manufacturing company Kurabe Industrial Philippines, Inc. is investing P2 billion to build a plant in the former’s industrial estate in Batangas province.
ABOITIZ InfraCapital, Inc. on Thursday said Japanese manufacturing company Kurabe Industrial Philippines, Inc. is investing P2 billion to build a plant in the former’s industrial estate in Batangas province.
“This partnership demonstrates our shared commitment to attracting foreign investment to the Philippines—which aims to generate employment, boost commerce and local trade and reinforce the economy,” said AIC Economic Estates Head Rafael Fernandez de Mesa. The deal includes Kurabe acquiring a 5.9-hectare property within the 800-hectare LIMA Estate, which offers industrial lots to companies, including foreign-led ones that are expanding their local operations.
“[AIC] is undoubtedly our choice partner for this expansion, given its well-established reputation and its strong relationship with Japanese business owners. Knowing that a dedicated Japanese team from AIC is accessible to meet our needs provides us with a sense of security and comfort,” the Kurabe official added.
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