Toshiba to Reinforce Social Infrastructure Business in Philippines
To promote regional based solutions across social infrastructure businesses
TOKYO -- May 23, 2013
Toshiba Corporation (TOKYO:6502) today announced that Makati-based Toshiba
(Philippines), Inc., a wholly owned subsidiary, has established a dedicated
organization to promote Toshiba Group's social infrastructure sector in the
Philippines. The new division is responsible for enhancing Toshiba Group's
presence and capabilities across a comprehensive range of social
infrastructure businesses throughout the Philippines and will promote
Toshiba's participation in major industrial projects.
As the Philippines continues to modernize, enjoy continuing high growth rates
and population growth, demand for consumer products is being supplemented by
significant expansion in social infrastructure that is expected to increase in
the coming years. Moving forward, the government is expected to channel over a
sizeable amount into infrastructure projects in the near future, including
upgrading and constructing power plants and transmission and distribution
systems; developing road networks.
"Toshiba (Philippines), Inc. is responding to a dynamic market environment by
bringing Toshiba Group's wide ranging capabilities in social infrastructure to
the Philippines," said Mr. Tomoyasu Yamamoto, President of Toshiba
(Philippines), Inc. "Toshiba has long history and extensive strengths in this
key sector, and we will make sure we are able to meet Philippine requirements
with cost- and time-effective solutions. Toshiba Group can meet fast growing
infrastructure needs in thermal and geothermal power and in power transmission
and distribution. We want to work with the people of the Philippines to build
a better future."
Corporate Communications Office
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