Australia’s TMA group has invested 4.4 billion pesos in the Philippines to build its factories into a core production base, Anthony Kalam, chairman of TMA group, said recently. The headquarters functions will also be decentralized to the Philippines base, and the administrative and business management of five factories in China, Australia and New Zealand will be integrated.
President Kalam said the Philippines has the advantages of preferential investment system, low labor cost and employees’ English proficiency. In terms of the time difference between most of its customers and Australia and New Zealand, the group values a good investment environment more. In order to cope with the time difference, the service window will be open to customers 24 hours a day, providing financial, purchasing and other services.
As early as 2009, TMA Group signed a 25-year joint venture agreement with the Philippine charity and gaming authority (PCSO) to produce products such as thermal paper for printing tickets. Accordingly, the plant is located in the interior Lake province of the Philippines.
Post time: Nov-27-2020