Teradyne breaks ground on new facility in Clip-A A +A
Monday, January 13, 2014
AUTOMATED test equipment provider Teradyne will have its new facility at the Cebu Light Industrial Park (Clip) in Lapu Lapu City in 2015. The building will be the biggest Teradyne facility outside the United States, officials said.
The new repair hub is being put up in partnership with industrial property developer Ohmori. It will be a three-storey building with a total floor area of 21,000 square meters.
During the groundbreaking ceremony last Jan. 9, Teradyne Cebu site director and operations manager Jacqueline Briones said the new facility is only being leased out by Ohmori to Teradyne.
Ohmori leasing services manager Grace Mercado said in a separate interview that although Teradyne is only leasing out Ohmori’s property, the building is “build to suit” which means the construction takes into consideration the needs of Teradyne.
“We still rent, but we have a commitment that this is for long term,” Briones said.
Mercado said the contract is for 10 years and is renewable. Ohmori’s cost of the new facility is pegged at around P300 million.
Since 1998, Teradyne has been housing its facility at the Mactan Export Processing Zone 2 in Lapu Lapu City. It was able to buy its competitor Megatest in 1997, bringing their presence to Cebu. The facility of Teradyne in MEPZ 2 was also a leased property.
Briones said that in 2015, they will be transferring their facilities in MEPZ 2 to their new building in CLIP. She said they will also be bringing in multi-million dollars worth of new equipment.
She said the transfer of Teradyne to Clip will generate more employment. At present, the company has 641 employees in MEPZ 2, majority of them engineers.
Aside from being a repair hub, the new facility will also house its call center and administrative sections.
The new Teradyne facility is also the first venture of Ohmori. Ohmori is a subsidiary of real estate developer Innoland Development Corp.
Being the leading supplier of automatic test equipment worldwide, Teradyne tests semiconductors, wireless products, data storage and electronic systems that serve consumer, communications, industrial and government customers.
In 2012, Teradyne reported sales of $1.66 billion. It employs over 3,700 people worldwide.
Teradyne also has a field office in Alabang, Muntinlupa City.
Published in the Sun.Star Cebu newspaper on January 14, 2014.