THICITsuneishi Heavy Industries (Cebu) Inc. (shipbuilder; Philippines)
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In an effort to strengthen cost competitiveness, THICI aims to build 25 to 30 vessels per year.
THICI president Hitoshi Kono organized the tour and a brief company business background presenting the 20-year milestone of the company and the challenges and success of THICI.
THICI serves as one of the best examples of a successful and growing foreign investment in the Philippines.
THICI started with 3,500 employees on a 55-hectare land at the West Cebu Industrial Park.
With the shipyard expansion completed in 2011, THICI currently covers 147-hectares of land with a building dock designed to accommodate a 180,000 deadweight metric ton type bulk carrier and has approximately 13,000 employees to date.
Currently, he said, THICI, which occupies 147-hectares of land within the West Cebu Industrial Park in Balamban town, north of Cebu, only has one dry dock and two slip ways.
"We need to expand our capacity because we anticipate more orders from foreign and local clients," Kono said, even as he revealed that THICI is set to deliver approximately 60 ships, or 20 orders annually starting this year until 2016.
At present, 80 percent of orders undertaken by THICI come from Japan, while the rest of its clients are from the Philippines, Europe, China, Singapore and Hong Kong.