Industrial News

  The Electronics industry remained as the country’s top exporter for the month of July 2017, with total receipts of US$ 2.762 billion, or 52.3% of the total Philippine exports of US$ 5.285 billion. July 2017 vs June 2017 (Month-on-Month)– Electronic exports increased by 5.06%, from US$ 2.629 billion in the previous month, to US$ 2.762 billion this month. 5 out of 9 sectors posted a positive growth from the previous month’s figures, led by Office Equipmentat 34.86%, from US$ 43.76 million in June 2017 to US$ 59.01 million this July 2017. The other sectors that increased were Communication/Radar at 24.73%, Electronic Data Processing [...]

Combination Creates Premier Aerospace Systems Supplier Combined business will be well-positioned to meet rapidly evolving global customer demands Highly complementary to existing capabilities Enhances innovative systems capabilities and integrated digital product offerings, including avionics, flight controls and data services Expected to generate cost synergies in excess of $500 million Anticipate acquisition to be accretive to UTC adjusted earnings per share after first full year following closing Aerospace supplier United Technologies Corp has struck a $30 billion agreement to buy avionics and interiors maker Rockwell Collins Inc, the companies said on Monday, in a deal that bulks up UTC's power with plane makers by [...]

MANILA -- Philippine conglomerate Ayala is bulking up its manufacturing business in a bid to lead Southeast Asia's transition to electric vehicles, betting the group's massive resources can make up for other nations' advantages in auto production. Since June, a gleaming, state-of-the art factory on the outskirts of Manila has been turning out midsize motorcycles, intended both for domestic buyers and, eventually, for export to markets such as Thailand and China. The joint venture by Ayala's manufacturing unit AC Industrial Technology Holdings and Austrian motorcycle maker KTM currently produces only around 20 bikes daily. But there is ample room to raise [...]

Conglomerate wants Philippines to lead Southeast Asia in next-gen cars MANILA -- Because no Southeast Asian country has yet developed the infrastructure to support electric vehicles, Philippine conglomerate Ayala can help this country lead the region in that cutting-edge technology, says CEO Arthur Tan of AC Industrial Technology Holdings. The chief of Ayala's manufacturing unit sat down with the Nikkei Asian Review to discuss the conglomerate's push to expand manufacturing operations. AC Industrials, as the unit is commonly known, helps ensure the rest of the group has the cutting-edge technology it needs, Tan said. Now, the vast resources available to the [...]

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KTM Asia Motorcycle Manufacturing, Inc. (KAMMI), a joint venture partnership between Adventure Cycle Philippines, Inc.–owned by AC Industrial Technology Holdings, Inc. (AC Industrials), a member of Ayala Group of Companies–and Austrian motorcycle giant KTM AG (Kronreif & Trunkenpolz Mattighofen AG), recently inaugurated its state-of-the-art manufacturing facility at the Laguna Technopark in Santa Rosa, Laguna–nearly four months after the first locally-assembled KTM motorcycle rolled out of the KTM Philippines plant. “We are further expanding our capabilities as part of our thrust of fostering synergies with Ayala companies,” AC Industrial’s CEO Art Tan said as he disclosed the Ayala conglomerate’s foray into motorcycle assembly as being in line with the [...]

Manila, Philippines – Ayala Corporation (AC), through its manufacturing arm AC Industrial Technology Holdings (AC Industrials), acquired a German auto parts supplier as part of its ongoing expansion spree. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, June 5, AC said AC Industrials "completed the signing and execution of the Share Purchase and Transfer Agreement through AC Industrials (Singapore) Pte Ltd (AC Industrials Singapore) to acquire 94.9% of MT Misslbeck Technologies GmbH (MT) in a transaction valued at €26.8 million ($30.2 million or P1.49 billion) total enterprise value.“ The closing of the transaction is subject to [...]

In response to the increasing demand of cars in the country, Hyundai Asia Resources Inc. (HARI) has recently launched the Hyundai Assembly Center (HAC) located at the Laguna Technopark, Sta. Rosa, Laguna. HARI president and CEO, Ma. Fe Perez-Agudo, opened the doors of the newly constructed production facility, and held a guided tour around the area to executives of Hyundai Motor Company of South Korea, directors of the HARI board, and the company’s expansive dealer network. Unveiled during the launch was a Hyundai Eon and H350, each one brandishing livery with the Philippine flag. At present, the HAC assembles [...]

April 7, 2017, Laguna, Philippines – Integrated Micro-Electronics, Inc. (PH: IMI) announced that it has entered into an agreement with the shareholders of STI Enterprises Limited for the acquisition by IMI on April 6, 2017, through its subsidiary Integrated Micro-Electronics UK Limited, of a 80% stake in STI. The closing of the transaction is subject to completion conditions and regulatory approval. STI is a private limited company based in the United Kingdom which provided electronics design and manufacturing solutions in both printed circuit board assembly and full box-build manufacturing for high-reliability industries. The company currently has two factories in the [...]

Automated Technology (Phils.), Inc. (ATEC) recently acquired a 430,000 sq. ft. property in the same Industrial Zone as its main building in the Light and Industry Science Park I, located in Ampere Street corner South Drive, just a couple of minutes from its main manufacturing plant. This new facility is earmarked for ATEC Connectivity, ATEC's newest Division that specializes in on RF, Microwave and Millimeterwave Electronic Manufacturing Services and business expansion of the Semiconductor Division. The new building has about 100,000 sq. ft. of fully operational manufacturing and office areas with Class 10,000 and 100,000 cleanroom facilities. Its proximity [...]