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Japan-based tire manufacturer Yokohama Rubber Co. Ltd and electronics manufacturing company MinebeaMitsumi have expressed interest to invest at least P7.4 billion in the Philippines, the Department of Trade and Industry (DTI) said on Monday.
Trade Secretary Alfredo Pascual met with representatives of these companies last week during his trip to Japan from June 19 to June 21.
“They have plans of expanding their semiconductor factory in Cebu,” Pascual said of MinebeaMitsumi’s plans, “And then they might set up also a solar farm to support their factory in Cebu.
