Wednesday, 06 October 2010 12:28
British Ambassador Stephen Lillie has announced that top British firm B/E Aerospace has chosen the Philippines as the site of its manufacturing facility, which will create more than 300 new jobs for Filipinos.
B/E Aerospace is the leading provider of aircraft interior products and solutions and the world's leading distributor of aerospace fasteners and consumables for the commercial, business jet and military markets.
Out of an initial list of 32 countries, B/E Aerospace Inc. and its Leighton-Buzzard division, B/E Aerospace UK Ltd., has chosen the Philippines to set up its manufacturing facility to accommodate a multi-billion-dollar contract to manufacture galleys for the Airbus A350XWB, one of the new generations of wide-body aircraft. Completed galley units will be shipped to Marseilles and then onwards to Toulouse, where the Airbus A350 will be assembled.
"I welcome this major manufacturing investment, and am delighted that the British Embassy Trade & Investment team were able to assist a top-quality UK company like B/E Aerospace in identifying options for locating in the Philippines. I hope this will go to show that the Philippines offers opportunities for business success not only in the service sector but in manufacturing also," said Lillie.
"The first phase of the investment is worth over US$ 30 million. This is good news for the Philippines, particularly since the investment will create more than 300 new jobs locally. We hope the new Philippine Administration will take pro-active measures to create a more attractive investment climate for the Philippines, so that there will be even more projects like this," he added.
The British government has been looking towards Asia for trade and investment opportunities, recognizing the region's emerging markets as the driving force of global recovery. Early this year, Ambassador Lillie went to the UK to promote the Philippines to British companies in London and this November, UK Trade and Investment Director Derek Page will be meeting British companies in Bristol, Newcastle and Hinckley.
With the assistance of UK Trade and Investment's commercial services, B/E Aerospace conducted extensive market research on several countries. The UK Trade and Investment team at the British Embassy Manila were able to help the UK company's decision to set up their manufacturing facility in the Philippines.
UK Trade & Investment is the government organization that helps UK-based companies succeed in the global economy and assists overseas companies to bring their high-quality investment to the UK.
B/E Aerospace is the world's leading manufacturer of aircraft cabin interior products and the world's leading distributor of aerospace fasteners and consumables.
B/E Aerospace designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. B/E Aerospace manufactured products include aircraft cabin seating, lighting, oxygen, and food and beverage preparation and storage equipment.
The company also provides cabin interior design, reconfiguration and passenger-to-freighter conversion services. Products for the existing aircraft fleet - the aftermarket - generate about 50 percent of sales. B/E Aerospace sells and supports its products through its own global direct sales and product support organization. (PNA)
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