The Philippine Economic Zone Authority (PEZA) said it endorsed a new information technology initiative by Tsuneishi Technical Services (Phils.) Inc. (TTSP) after a supplemental agreement was signed on June 18, 2025.
PEZA director-general Tereso Panga and TTSP president Segismundo Exaltacion Jr. signed the agreement.
Under the newly approved project, TTSP will undertake computer-aided retrofitting design using CADMATIC data output from 3D laser scanning at its facility in West Cebu Industrial Park, Balamban, Cebu.
The project, valued at more than P50 million, is expected to begin commercial operations in June 2025.
TTSP was founded in 1992 as an offshore ship design center for Japan’s Tsuneishi Shipbuilding Co. Ltd. in Hiroshima.
It has embraced innovation, partnering with the Asian Institute of Management to develop AI-assisted tools for ship design and representing the Philippines at the CADMATIC Digital Wave Forum in Spain.
TTSP is a subsidiary of Tsuneishi Holdings (Cebu) Inc., which also owns Tsuneishi Heavy Industries (Cebu), Inc. (THI), operator of the Balamban shipyard established in partnership with Japan’s Tsuneishi Shipbuilding in 1994.
TTSP has invested more than P100 million in its operations and currently employs more than 500 workers.
