TOKYO, Japan—Committed to attracting foreign investment to the Philippines in order to generate jobs for Filipinos and stimulate the economy, Aboitiz InfraCapital , the infrastructure arm of the Aboitiz Group—together with the Philippine Economic Zone Authority —signed an agreement with Japanese manufacturing company Kurabe Industrial Philippines, Inc. The deal ushers in Kurabe’s official entry into the Philippine market to build a manufacturing facility within AIC’s LIMA Estate in Batangas.
The deal with AIC includes Kurabe’s purchase of a 5.9-hectare property within the 800-hectare LIMA Estate in Batangas, which offers industrial lots to foreign and domestic companies interested in expanding operations in the country. “Considering the strategic location of LIMA Estate, the incentives we get with our registration to PEZA, and Aboitiz InfraCapital’s readiness and expertise to cater to foreign locators, we have decided that the Philippines is the best location to disperse our business,” shared Kanazawa Takenobu, Kurabe Co., Ltd.’s CEO and President.
“AIC shares the success of this deal with PEZA and our partners from the Department of Trade and Industry [DTI]. On behalf of the Philippine delegation at the Japan Business Roadshow, we welcome Kurabe Industrial to the Philippines, and to LIMA Estate.