Mitsubishi Motors to build 2nd plant in PH - report
MANILA, Philippines - Mitsubishi Motors is planning to build a second automobile plant in the Philippines by 2015, according to a report by Nikkei.
Nikkei reported the plant is estimated to cost around 20 billion Japanese yen (roughly $202 million or P8.93 billion).
The new plant will churn out an annual 100,000 subcompacts, SUVs and other models by 2017.
Mitsubishi Motors Philippines currently has a plant in Cainta, which started operations in 1964. The plant currently has a production capacity of 15,000 units per year on one shift.