SATO Philippines AIDC Solutions Inc. was registered with the Philippine Economic Zone Authority (PEZA) and began engaging with PEZA-registered foreign companies from Jan. 3, while SATO Philippines Auto-ID SP Inc. will do business with non PEZA-registered local companies from February 2017.
The Philippines is projected to be the 20th largest economy by 2050 due to its growing workforce and ease of communication in English, which is one of its two official languages, SATO says. Manufacturing is also shifting from China to Southeast Asia, including the Philippines, due to rising wages and changes in production costs in China. These combined factors further supported SATO’s decision to expand its presence in the country.
SATO has maintained a presence in the Philippines through a network of business partners and a representative office. The opening of two new group companies will strengthen its foothold in this market, the company says, and also enable SATO to provide stronger direct support for business partners and customers and reach out to more local manufacturing, retail, logistics and healthcare companies and related government agencies in the market that can benefit from world-class AIDC solutions.
“Over the past couple of years, we have been able to build a robust network of business partners in the Philippines,” said SATO Philippines AIDC Solutions and SATO Philippines Auto-ID SP President Katsutoshi Moriyuki. “We believe that by establishing these two new companies, we can now offer customers and business partners timelier direct support and peace of mind as well as solutions that are of greater value to them.”
“The Philippines is an exciting place to be and with the positive economic outlook of this country, we are certain that SATO can support businesses there,” said SATO Asia Head Hayato Shindo. “This expansion plan is one of the key drivers of SATO’s growth strategy for Asia and we look forward to not only better catering to the diverse AIDC needs in this country but also contributing towards the country’s economic growth.”
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