One of the world’s biggest suppliers of used heavy machinery has tied up with a Subic Freeport-based firm for a $15-million investment that would provide equipment for development projects in the countryside.
This is according to the Subic Bay Metropolitan Authority (SBMA), which identified the Japanese used machinery supplier as AA Japan and the local partner as Filanka Subic Corp.
Without explaining the nature of the arrangement, the SBMA said the partnership aimed to help address the country’s development requirements in the fields of infrastructure, agriculture and energy by providing heavy-duty trucks and machinery.
“We aim to boost our network here, which may, in turn, strengthen the industry in this part of the country, as well as provide livelihood opportunities to nearby communities,” AA Japan president and CEO Hameed Ramzan said.
With a $15-million investment, the partnership is gunning for expansion and provision of full service in the country, SBMA said, citing company officials.
SBMA said this would mean hiring 200 employees skilled in conversion, painting, engine maintenance and bodyworks, as well as leasing additional spaces for their stock and service yards.
“Every year, we deal with more than 10,000 customers throughout the world and our reputation of quality has never faltered. We strive, and we will always strive, to offer our customers quality vehicles at a low price, and to provide them with the best customer service,” Ramzan said.
Since 1996, AA Japan has provided vehicles, equipment and machinery to contractors and procurers worldwide and has developed a global network of branches and exclusive partners that allow car sales throughout the world.