Kinpo Electronics (Philippines) Inc., a unit of Taiwan’s New Kinpo Group of Companies, on Wednesday inaugurated a P1.816-billion manufacturing facility at Carmelray Industrial Park in Calamba, Laguna.
Philippine Economic Zone Authority director general Lilia de Lima said with the opening of the new factory, the New Kinpo Group’s total investments in the Philippines reached P2.5 billion.
“Kinpo, so far, has the biggest investment among Taiwanese investors, so we’re expecting that other Taiwanese suppliers will follow,” said de Lima.
Kinpo Electronics’ new facility will produce consumer electronics products such as calculators and electronic keyboard for a known Japanese brand.
Taiwan is currently one of the Philippine’s top trading partners and investment sources.
Kinpo Electronics set up the new factory through the assistance of the Trade Department, the Philippine Trade and Investment Center in Taipei and Peza.
The group’s previous investments in the country included the P293-million expenditures of AcBel Polytech Inc. and P377 million of CalComp Electronics and Communications Co.
AcBel produces light-emitting diode lighting and smart grid solutions while CalComp manufactures handsets, printers and liquid-crystal-display televisions.
New Kinpo’s another other subsidiary is contract notebook PC maker Compal Electronics Inc.
New Kinpo Group is a leading global original design manufacturer and electronics manufacturing services partner.
The group has 96,000 employees worldwide in over 23 subsidiaries, including seven publicly listed corporations. New Kinpo is one of the major subsidiaries of the Kinpo Group.
The group produces a wide range of consumer electronics products such calculators, printers, 3D printers, external hard disc drives, modems and motherboards for brands such as HP, Toshiba, Western Digital and Casio.
