At the margins of the ASEAN-Japan Business Week, Department of Trade and Industry (DTI) Secretary Alfredo Pascual highlighted the Philippine government’s efforts to support manufacturing companies through the game-changing economic reforms implemented by the Marcos administration.
Secretary Pascual made his statement during the bilateral meeting with Nidec Drive Technology Corporation (NIDEC) President and CEO Tatsuya Nishimoto on June 5, 2023 in Tokyo.
NIDEC is a Japanese company engaged in the manufacturing and assembly of precision electronic, measuring instrument, power transmission, ceramic art equipment, motors for computer peripherals, VCR, reducer gears for robotic application and home appliances and other high value added specialized digital core parts for multimedia.
Nidec Drive Technology Corporation formerly known as Nidec Shimpo is a major global producer of speed reducers and press machines. Its nearly 4-hectare plant in Subic is focused on the manufacturing and assembly of speed reducers for robots.
The company reported that it will expand production capacity to close to 300,000 pieces at peak operations which will translate to PHP5.1 billion in export receipts for the country.
The Fiscal Incentives Review Board (FIRB) recently approved incentives for NIDEC’s newest investment for the manufacture and assembly of medium to large sized gear boxes for industrial robotic gears. The new product line called Kinematex is a high accuracy gearbox used as a base, arm and shoulder for industrial robots, auto tool changers and loader machines. Â
Also present during the meeting were Commercial Counselor Dita Angara-Mathay, Assistant Secretary Allan Gepty, NIDEC Senior Vice President Koji Shimano, and Hiroshi Mukai who leads the International Sales Group.  Â
