Yamaha Launches ₱2.7 Billion Factory Expansion in Batangas

Yamaha Motor Philippines, Inc. has launched a ₱2.7 billion factory expansion at the Lima Technology Center in Batangas.

Hiroshi Koike, Yamaha Philippines President, said “Generating a huge number of products will result to creation of more jobs — roughly about 1,500 employees for old factory and additional recruitment of 1,300 workforce for this newly-built factory.”

Gen. Charito B. Plaza, Philippine Economic Zone Authority (PEZA) Director-General, said “PEZA welcomes YAMAHA’s Expansion Project, especially during this time that we are reeling from the uncertainties at hand,”

The Motorcycle Development Program Participants Association (MDPPA) said that during the lockdown, product sales fell 33.3% to 941,260 units in the first 10 months last year compared to the same period in 2019.

The MDPPA represents Honda, Kawasaki, Suzuki, and Yamaha brands in the Philippines.

The MDPPA said in a statement “While almost a million-unit sales is already a victory in itself, given the present state of the economy, it is by no means an indication of growth as some would speculate,”

Source: BusinessWorld