Japanese execs visit Balamban-A A +A
Friday, February 14, 2014
TSUNEISHI Heavy Industries (Cebu) Inc. (THICI) invited 13 Japanese firms from Hiroshima Industry Association, Japan last Jan. 24, following last year’s Japanese shipbuilders’ investment mission to the Philippines led by the Philippine Bureau of Investment (BOI) and Japan International Cooperation Agency (Jica) last March 20.
The meeting aims to promote investment opportunities in the Philippines and to encourage more foreign investors to consider Philippines as a long term investment destination and establish a successful investment such as THICI.
Companies like Asahichoseni Corp. that manufactures textile, Ogawa Econos Inc. for waste treatment and recycling, Satake Corp. which manufactures machinery for food industry and food products, and a financial institution like The Hiroshima Bank, Ltd., among other possible investors, visited the shipyard of THICI in Buanoy, Balamban, Cebu.
THICI president Hitoshi Kono organized a tour and a brief company business background presenting the 20-year milestone of the company and the challenges and success of THICI.
“The excellent human relation at the workplace is most certainly one of the many significant factors contributing to the successful completion and progress of such substantial operation,” Kono said.
THICI serves as one of the best examples of a successful and growing foreign investment in the Philippines.
THICI started with 3,500 employees on a 55-hectare land at the West Cebu Industrial Park. It had only two slipways and two floating docks for ship repair.
With the shipyard expansion completed in 2011, THICI currently covers 147 hectares of land with a building dock designed to accommodate a 180,000 deadweight metric ton type bulk carrier and has approximately 13,000 employees to date.
THICI proves its world class workmanship when it completed building a 180,000 deadweight metric ton type cape size bulk carrier, The Tenshu Maru. The biggest class ship built in the Philippines and the first in the country. This was launched and named in 2010 by President Benigno Aquino III.
THICI is one of the leading shipbuilding companies in the world. It continues to be a successful partnership between the Tsuneishi Group of Japan and the Aboitiz Group of the Philippines. (PR)
Published in the Sun.Star Cebu newspaper on February 15, 2014.