SUBIC BAY FREEPORT: Japanese firm Sanyo Denki Philippines Inc. has formally opened the P2.3 billion phase 4 of its expansion project at the Subic Techno Park (STEP) inside this premier Freeport on March 22.

Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Eduardo Jose Aliño said phase 4 includes the construction of a fourth factory building.

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