Aboitiz InfraCapital (AIC), the infrastructure arm of the Aboitiz Group, and the Philippine Economic Zone Authority (Peza), signed an agreement with Kurabe Industrial Philippines. Know more:
Aboitiz InfraCapital , the infrastructure arm of the Aboitiz Group, and the Philippine Economic Zone Authority , signed an agreement with Kurabe Industrial Philippines.
The amount will be used for land, the acquisition of factory equipment, and the eventual construction of the facility which is slated to break ground in 2024. “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,” Kanazawa Takenobu, Kurabe Co., Ltd.’s CEO and President said in a statement.
“AIC shares the success of this deal with PEZA and our partners from the Department of Trade and Industry . On behalf of the Philippine delegation at the Japan Business Roadshow, we welcome Kurabe Industrial to the Philippines, and to LIMA Estate,” said AIC Economic Estates Head Rafael Fernandez de Mesa.
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