Sumitomo Wiring Systems, Ltd., a subsidiary of Japan’s Sumitomo Electric, is investing in a wiring harness manufacturing facility in Pangasinan that would generate 10,000 jobs upon becoming fully operational. Sumitomo broke grounds on September 16, 2020 for this new project that is located in the North Luzon Aero Industrial Park in Binalonan, Pangasinan.
Sumitomo is a leading global supplier of wiring harness, related components, and several electronic products for the automotive and office equipment industries. Its factory in the Pangasinan will manufacture wiring harness and related materials for exports to Japan and North America.
DTI noted that the new investment of Sumitomo is an offshoot from Philippine President Rodrigo Duterte’s visit to Tokyo, Japan in May 2019, where the Philippine delegation bagged PHP 289 billion (~US$6 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.
(Source: Philippine News Agency)