Taiwanese lock maker invests US$5m in Subic
Asia Pulse - Taiwanese firm Tong Lung Philippines Metal Industry Co., Inc., designer and maker of doorknob sets and lock sets, has signed a new lease agreement with the Subic Bay Metropolitan Authority (SBMA) for the expansion of its manufacturing operations in Manila.
Tong Lung Philippines director Tony Ho said the company will invest US$5 million to establish a new factory near its first production facility at the Subic Bay Industrial Park to meet the growing demand for high-end locks worldwide.
Ho said that Tong Lung's expansion would also entail the hiring of 600 new employees on top of some 400 workers it has hired since 1998.
Tong Lung Philippines director Tony Ho said the company will invest US$5 million to establish a new factory near its first production facility at the Subic Bay Industrial Park to meet the growing demand for high-end locks worldwide.
Ho said that Tong Lung's expansion would also entail the hiring of 600 new employees on top of some 400 workers it has hired since 1998.
Labels: investment, sbma, subic
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