Kymco plans to build P1-B facility in Philippines
By Janina C. Lim, Reporter Business World
10 April 2019
KYMCO Philippines, Inc. is planning to put up a P1-billion facility in the country to boost its current capacity to meet growing demand and to allow future expansion into electric motorcycles.
In a press briefing in Makati City on Wednesday, Kymco Philippines President Allan B. Santiago said the company is looking to build the facility in north or south Luzon, particularly Laguna and Batangas due to their proximity to the Batangas port.
The local unit of Taiwan’s Kwang Yang Co. Motors Ltd. expects to start construction of the facility next year, and targets to operate by 2022 or 2023. The facility will have a monthly production of 6,000 up to 20,000 units.
“After about a decade of operations in the country, we have seen the potential and economic opportunities that the Philippines has to offer, and we believe that it is high time for us to take our presence and commitment to the next level… We are exerting more effort with our plan to bolster our investment in both the Philippine market and Filipino labor,” Mr. Santiago said.
Kymco Phillippines’ current capacity at its 250-hectare plant in Taguig City stands at 5,000 units per month. Monthly sales currently reach more than 1,500 units.
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