Mitsubishi Motors Philippines Breaks Ground for Stamping Shop Facility
In line with Mitsubishi Motors Philippines Corporation’s (MMPC’s) participation in the Comprehensive Automotive Resurgence Strategy Program which is also known as the “CARS program”, it breaks ground on June 17, 2016 to invests more than Php2 Billion pesos to construct a stamping shop facility. Including the setting-up of the line for its entry model, fixed investments shall reach about Php4.3 Billion pesos.
The occasion was attended to by some distinguished guests from the national and local government, MMC and Sojitz Corporation officials, and its local executives as shown in the above photo. A couple of days ago, the Department of Trade and Industry’s Board of Investments had issued certificate of registration to MMPC as an approved participant.
The construction of stamping shop shall kick-start MMPC’s participation into the said program which is also in compliance with one of the program’s requirements that is to produce large body parts of a vehicle in lieu of the usual importation. Studies show that high logistics cost in producing vehicles is brought about by the bulk of shipped containers loaded with large completely-knocked-down (CKD) parts.
The event is deemed to be another significant milestone in the history of MMPC inasmuch as this will be the first time that metal stamping process shall be introduced to manufacturing process after more than five (5) decades of operations in the Philippines. This added process would create additional job opportunities and transfer of new technology.
Meanwhile, Mitsubishi Motors Corporation (MMC) will be extending technical assistance support during its construction period. On the other hand, ensure that its newly hired manpower shall undergo extensive training in MMC, Japan. The said shop shall be fully operational in the early part of 2018. As such, MMPC can assert that the Mirage and Mirage G4 is a proudly Philippine made product worthy of patronage by our valued customers.