P.IMES Corp., a subsidiary of IMES Japan, is investing more than P1.8 billion in an expansion project at its Cavite Economic Zone (CEZ) facility.
Through a registration agreement (RA) with the Philippine Economic Zone Authority (PEZA), P.IMES plans to increase the production capacity of its medical equipment suspension assembly.
The project is expected to generate over 200 new jobs when operations begin by February 2025.
As of December 2024, P.IMES has made total investments exceeding P3 billion in the Philippines.
The expansion project also emphasizes strategic collaboration with universities to equip the Filipino workforce with advanced prototyping skills.
PEZA underscored Japan’s status as PEZA’s top investor, with 800 Japanese-registered business enterprises contributing over P500 billion in cumulative investments and employing around 300,000 workers.
Japanese locators also generated exports exceeding $15 billion in 2024, highlighting the strong economic ties between Japan and the Philippines.
P.IMES has been registered with the Philippine Economic Zone Authority (PEZA) since 1993.