Anthony Karam, chairman of TMA group, an Australian Paper Company, said recently that the group has invested 4.4 billion pesos in the Philippines to build its factories into a core production base. The functions of the headquarters will also be decentralized to the Philippines base, and the administrative and business management of the five factories in China, Australia and New Zealand will be integrated.
Chairman Kalam said that the Philippines has a preferential investment system, low labor costs and employees’ English level advantages. In terms of the time difference between most 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 PCSO to produce products such as thermal paper for printing tickets. Accordingly, the factory is located in Lake Nei province of the Philippines.
Post time: Jan-15-2021