Japan’s Brother unit bares new local plant
Brother Industries Philippines Inc., a subsidiary of Brother Industries Ltd., a Japanese multinational manufacturer of printers, sewing machines and other office equipment, on Friday unveiled its third factory in Tanauan, Batangas.
The company is one of the Philippine Economic Zone Authority’s, or PEZA, locators operating in the Philippines for the past 12 years.
The company expansion is set to increase its production capacity to meet the growing demand for its products.
The unveiling of its third factory was graced by Trade Secretary Alfredo Pascual, who, in his speech, affirmed the Department of Trade and Industry’s effort to create an enabling environment for investments.
“We are actively showcasing our skilled workforce, strategic location, and generous investment incentives to the world, tailoring opportunities to fit the needs of global investors such as Brother Industries Philippines Inc.,” Pascual said.
Moreover, the DTI chief stressed that the government has implemented transformative initiatives to attract investments, such as the implementation of the Corporate Recovery and Tax Incentives for Enterprises Act.
The law reduced corporate income tax rates, streamlined tax administration, and provided various investment incentives.
Also, Pascual highlighted the department’s digital efforts aligned with the Ease of Doing Business Act.
Pascual bragged that the DTI has been continuously boosting its online services platforms, which makes it easier for businesses to start and operate in the Philippines.
Positive dev’t
About the expansion of Brother Industries Philippines Inc., Secretary Pascual said that he recognizes the project as a positive development for the manufacturing sector.
From its current 9,000 Filipino employees, the company’s third factory is expected to create over 3,000 new jobs and boost the economy.
He expressed optimism for the company’s future endeavors and reiterated the government’s support for businesses that contribute to the country’s economic growth.
“The DTI fully supports businesses in their vision for continued growth and expansion. We are committed to providing a supportive and enabling environment for companies like Brother Industries Philippines, Inc. to thrive,” the DTI chief said.
‘We are actively showcasing our skilled workforce, strategic location, and generous investment incentives to the world.’