Japan firm invests P2 billion for auto partsMANILA, Philippines — Kurabe Industrial Philippines Inc., a Japanese manufacturing company, is investing P2 billion into the country to set up a manufacturing facility in Lima Estate in Batangas, an economic zone operated by Aboitiz InfraCapital (AIC). Kurabe will purchase a 5.9-hectare property within the 800-hectare Lima Estate. “On behalf of the Philippine delegation at the Japan Business Roadshow, we welcome Kurabe Industrial to the Philippines, and to Lima Estate. At present, Lima Estate is home to over 70 Japanese companies. To accommodate growing demand from investors, AIC broke ground earlier this year on a 57-hectare expansion within Lima Estate which is part of a larger 150-hectare expansion.

Source: Philippine Star December 31, 2022 16:36 UTC