Cavite: Japanese firm P.Imes Corp. is expanding its manufacturing operations in the Philippines by investing an additional PHP1.8 billion. The expansion project aims to hike production capacity of its medical equipment suspension assembly in its facility at the Cavite Economic Zone, the Philippine Economic Zone Authority (PEZA) said.

According to Philippines News Agency, the PEZA Director General Tereso Panga and P.Imes President Tetsuya Matsusaki signed a registration agreement for the expansion project on February 13. The expansion project is expected to generate more than 200 jobs, with operations scheduled to commence this month.

Aside from the expansion of its manufacturing operations, the Japanese firm will also collaborate with universities to equip future talents with advanced expertise in prototyping. This initiative aims to promote innovation within the manufacturing sector.

As of December 2024, P.Imes has invested PHP3 billion in the Philippines. Japan continues to be the top foreign investor in PEZA, with 800 registered businesses contributing a total investment of PHP500 billion. These investments have created 300,000 jobs for Filipinos and facilitated USD15 billion in exports in 2024.