The Philippines – The 21-hectare manufacturing plant in the Greenfield Automotive Park will enable Mitsubishi Motors Philippines Corporation (MMPC) to relocate from its existing 18-hectare facility in Cainta. The acquisition is part of the Japanese parent company’s strategy to boost sales and production capacity up to the end of fiscal year 2016.
Last year, MMPC produced around 15,000 units, taking into account its completely knocked down (CKD) models such as the L300, Adventure and Lancer EX. The current annual capacity at Cainta is 30,000 units.
Hikosaburo Shibata, president and CEO of MMPC, commented: “The acquisition of the Santa Rosa factory will further strengthen our assembly operations, utilising heavy stamping machines, advanced equipment and facilities engineering that will support MMC’s [Mitsubishi Motor Corporation’s] business objectives for the new mid-term business plan.”