In preparation for the expansion of Philippine motorization, the acquisition of the new plant is part of MMPC’s strategy to further strengthen their role in the market, and expanding sales and production capacity.
Mr. Hikosaburo Shibata, MMPC President and Chief Executive Officer said that “The acquisition of the Sta. Rosa factory will further strengthen our assembly operations, utilizing heavy stamping machines, advanced equipment and facilities engineering that will support MMC’s business objectives for the new mid-term business plan.”
Currently, MMPC’s 18 hectare plant is located at the growing residential area of Cainta, Rizal and has a capacity to produce 30,000 units annually. Last year, MMPC has produced around 15,000 units given its existing completely knocked down (CKD) models such as the L300, Adventure and Lancer EX. MMPC plans to relocate to this new site and start vehicle production by January 2015.