GLOBAL technology firm 3M is confident that the economy will further accelerate under the Duterte administration, spurring the firm to put up its first Global Service Center in Asia-Pacific at Taguig City.
At the launch of the facility at Bonifacio High Street, 3M executive vice president for international operations Hak Cheol Shin said the new facility is the first of two major investments the global firm will be making in the Philippines.
“We chose Manila as our third GSC facility in the world because of the Philippines’ strategic advantages, which includes a well-qualified workforce and service center expertise,” Shin said.
“With Manila at the very center of Asia-Pacific we will be able to partner with our two other GSCs to provide a truly 24/7 global service,” he added.
The Philippine GSC will be responsible for critical processes in finance, sourcing and procurement and human resources. It will also provide IT support for quality, reporting, analytics security and database management.
“With this move, the global firm expects to become the world’s leading science and manufacturing growth company and a provider of services at the global level,” says Reggie Pulumbarit, general manager of 3M GSC in the Philippines.
“3M expects the country to grow at a modest estimate of 5% this year. We have been here for 50 long years and expect us to help more in expanding your economy further into the next stage. We are very bullish when it comes to the Philippines. This is where the action is right now,” Shin noted.
3M expects to fill more than 800 jobs over the next few years in Manila. The company is one of the most-sought after employers in the world, with over 88,000 employees worldwide. 3M is known for providing sustainable career opportunities and professional growth to all its employees.
This global manufacturing firm produces 55,000 products throughout the world, ranging from adhesives, abrasives, laminatesm passive fire protection,dental and orthodontic products, electronic materials, medical products, car-care products and electronic circuits and optical films.
SM is a $31.8 billion diversified technology company and one of 30 companies that make up the Dow Jones Industrial Average. The move will pour in millions of dollars worth of additional investments and create at least 1,000 jobs in the Philippines.
3M has operations in more than 65 countries including 29 international companies with manufacturing operations and 35 companies with laboratories.