The Japanese firm Sumitomo Wiring System factory in Binalonan, Pangasinan has recently commence a groundbreaking. The facility will be located in the Northluzon Aero Industrial Park (NAIP).
Sumitomo is a leading global provider of wiring harness, related components, and several electronics 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," DTI Secretary Ramon Lopez said.
The new business investment is part of the 26 business agreements signed by Lopez during the visit of President Rodrigo Duterte to Tokyo, Japan in May 2019 valued at P289 billion that would facilitate new job opportunities.
Sumitomo Wiring System set up its 9th new subsidiary in the country last September 2019. The company was registered under the Security and Exchange Commission (SEC) with the name of Sumi North-Philippines Wiring Systems Corporation (SNPW).
“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 added.
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