MANILA, Philippines - The Philippines has been chosen from among 32 countries to build the galleys for Airbus' latest aircraft, the British embassy said on Monday.
Britain's B/E Aerospace will invest an initial 30 million dollars in the country as part of a venture that will create more than 300 jobs, British Ambassador Stephen Lillie said in a statement.
"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," he was quoted as saying.
The British company, which makes aircraft cabin parts including seats, kitchens and oxygen masks, will set up facilities in the country to build the galleys for the A350XWB, one of the new generation of wide-body aircraft.
Completed galley units will be shipped to Toulouse, where the aircraft will be assembled by Airbus, the embassy statement said.
The commercial services unit of UK Trade and Investment and B/E Aerospace conducted extensive market research in several countries before deciding on the Philippines, the embassy said.
It added that its trade and investment team helped B/E Aerospace choose the Philippines.
Lillie said he hoped new Philippine President Benigno Aquino III would take more "pro-active measures" to attract similar investments in the future.