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Tamiya (Philippines) Inc. is investing P1.5 billion for the expansion of its operations at the Cebu Light Industrial Park- Special Economic Zone.
The company last March 18 broke ground on a new factory building that will increase its output by 5 percent every year for the first three years.
Depending on the demand, the project could reach up to 20 percent increase thereafter.
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Tamiya is engaged in the manufacture of various types of plastic models and similar products, mold fabrication and related services, printed materials, and provision of other printing services.
TPI’s annual export is 23,241,400.98 USD of which 65 percent goes to Japan, 11 percent to th US and 10 percent to Germany. The rest goes to UK, Thailand and Hong Kong.
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