Matsushita to invest P688M at Carmelray

Matsushita Business Machine Corp. of the Philippines is investing P688 million to manufacture office machinery for export.

The local operations of the Japan-based industrial giant plans to manufacture a new model of compact digital multi-function product (MFP), sub-assembly units and parts thereof. MFP is a high efficiency machine with several built-in functions and can be linked/networked with other machines.

The new model of MFP (UF 490) that will be produced by MBMCP will have the following functions — facsimile, copier, computer printer and answering machine.

Based on its five-year projection submitted to the PEZA, MBMCP intends to increase its workforce from an initial 92 employes in the first year to 208 workers by its fifth year of operation.

MBMCP will construct its new facility from August to mid-October this year and would begin importation of machinery and equipment by mid-October.

Installation of machinery would also be by mid-October and the hiring and training of personnel would also begin in October. Start of commercial operations would be by November this year.

MBMCP is 95-percent Japanese owned and only five-percent Filipino. MBMCP’s mother division is Matsushita Graphic Communication Systems, Inc. which is based in Tokyo.

MGCS controls 60 percent of MBMCP, while Matsushita Electric Industrial Co. Ltd of Japan holds 35 percent and Matsuhista Electric Phils. Corp. holds owns five percent.