THE Department of Trade and Industry (DTI) reported that machinery component and electronic devices manufacturer MinebeaMitsumi Inc. has affirmed its confidence in the Philippines.
Dita Angara-Mathay, DTI commercial counselor and special trade representative, said the company undertook a major expansion project of a factory in Naga City in Cebu, which manufactures optical image stabilizer components for smartphones. The full operation of the plant will start sometime in March of 2023.
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