Japan’s Omron Corp to move its main mfg activity to RP

Japan’s Omron Corp. has decided to move its main manufacturing activity to the Philippines.

According to the Subic Bay Metropolitan Authority (SBMA), Omron Corp., through its local subsidiary Omron Mechatronics of the Philippines, has put up an additional plant at the Subic Freeport.

Omron’s expansion brings to P2.2 billion its total investment in the Philippines.

The additional facility in Subic will allow Omron Mechatronics to manufacture all of Omron’s supply worldwide.

Omron already manufactures various automated teller machine parts, ticket vending machine parts, wire harness and module component units.

It’s additional facility in Subic however, will not allow it to go into full ATM production.

Omron last November 2001 had expanded its card reader production resulting in additional employment for 484 workers in addition to its then workforce of 400.

The new facility will eventually bring up Omron’s workforce to 1,500.

Omron’s sales has been steadily growing from ¥366 million in 1998 to ¥3,500 million in 2002.

Its expansion is projected to result in higher sales of ¥7,000 million this year and ¥10,000 million in 2004.

Omron Corp.’s chairman Yoshio Tateishi is scheduled to visit Subic on Jan. 20 to inspect the new building.