Nidec Subic president Takeshi Yamamoto disclosed this during a simple awarding ceremony of the certificate of registration with incentives under the Corporate Recovery and Tax Incentives for Enterprises Act for the company’s P4.2-billion expansion project.
Yamamoto said the company chose Subic Bay Freeport for its expansion because of its strategic location, making it possible for them to market their products to the European Union, the United States, Brazil, Korea and China. Tan said Kinematix is a new product that is a high-accuracy gearbox used as base, arm or shoulder for industrial robots for auto tool changer/ loader of machines. He said the aim of the expansion of Nidec Subic Philippines is to produce these gearboxes outside Japan.
He said this is the first expansion of the company outside Japan which was made possible due to the CREATE law.