British aerospace firm invests P2B in PH
MANILA, Philippines - The Philippine unit of British firm B/E Aerospace is investing around P2 billion to manufacture aircraft galleys at the First Philippine Industrial Park in Batangas.
Philippine Economic Zone Authority (PEZA) director-general Lilia de Lima said the project will start in 2013, but the groundbreaking for the facility is scheduled for the first week of October.
De Lima said the project is significant since B/E Aerospace supplies the world's aircraft manufacturers.
B/E Aerospace is the world's leading provider of interior products and solutions and distributor of aerospace fasteners and consumables for commercial, business jet and military markets.
De Lima said the British company is making a P700 million investment in addition to the initial investment of over P1 billion.
The project is expected to generate around 143 jobs.