A factory that broke ground recently is expected to generate around 10,000 jobs in Binalonan, Pangansinan once it becomes operational.
The Sumitomo Wiring System factory at the North Luzon Aero Industrial Park will manufacture wiring harness and related materials for exports to Japan and North America.
Sumitomo is a leading global supplier of wiring harness, related components, and several electronic products for the automotive and office equipment industries.
“Not only will the Sumitomo factory generate more jobs and employment for communities in the area, it will boost the development of our wiring industry to become part of the global value chain,” Trade Secretary Ramon Lopez said.
The Department of Trade and Industry (DTI) noted that the new investment of Sumitomo here is an offshoot from President Rodrigo Duterte’s visit to Tokyo, Japan in May 2019, where the Philippine delegation bagged PHP289-billion worth of business deals that will create 82,000 jobs in the country.
“With the introduction by Sumitomo Wiring of its patented technologies in high voltage wire harness product manufacturing operations in the country, DTI’s push for innovation and technology-driven value-added production for local industry development in the Philippines has borne fruit,” Lopez said.
Prior to this investment, the Japanese firm established a new subsidiary – Sumi North-Philippines Wiring System. This is the company’s ninth unit in the country, DTI said.