GLORY (Philippines) Inc. (GPI) is planning to expand its Local operations, including manufacturing, logistics and other value-adding activities, as it seeks guidance from the Philippine Economic Zone Authority (Peza) on how to structure the planned expansion.
The company discussed with Peza possible ways to register activities such as quality inspection, packaging, warehousing, customization and logistics services within the agency’s investment framework.
GPI has operated in the Cavite Economic Zone since 1994, where it manufactures currency-handling machines for the global operations of its Japanese parent Glory Ltd.
The Philippine unit employs more than 1,300 Filipinos and serves as a manufacturing and export hub, supplying markets in North America, Europe and Asia.
GPI President Shoichi Onishi said the company has operated in the country for more than three decades with Peza’s support and is considering how to further integrate its Philippine operations into its global business.
‘GPI has continued its operations in the Philippines for more than 30 years with the support of Peza. Glory positions the Philippines not merely as a production base, but as a strategic partner supporting future global growth,’ Onishi said.
During an early August meeting, Peza Director General Tereso O. Panga said the agency would help GPI determine the appropriate structure for its planned activities under the Peza framework.
‘As you expand your operations, our role is to help you identify the most appropriate structure within the Peza framework so that your investments can remain competitive while contributing more to jobs, exports, technology, and our national economy,’ Panga said. ‘We want GPI to continue growing in the Philippines and to see the country become an even stronger part of your global operations.’ GPI is part of Glory Ltd., a manufacturer of money-handling solutions headquartered at Hyogo, Japan, with operations in more than a hundred countries.