Toy firm execs to inspect Davao City this month-A A +A
Friday, March 14, 2014
THE British-owned Chinese-based toy assembly and manufacturing company will visit Davao City this month to do an ocular inspection in industrial areas in Sasa and Panacan.
Davao City Investment Promotions Center (DCIPC) officer-in-charge Ivan C. Cortez, in an interview with Sun.Star Davao, said they will accompany executives from Best Power to meet with land owners and check the viability of the sites for the planned toy assembly plant.
Cortez said the company is looking for a two to three-hectare location for its assembly plant, which he said will eventually become a manufacturing plant.
"They have 150 lines of toys and they will begin with one line first and gradually bring in the other lines here," he said.
Earlier, Cortez said the first phase will be the establishment of the assembly plant while the manufacturing plant will come later when operations will be successful.
The toys, produced by the company will be exported to the large toy stores in other countries like the Toys R' Us.
He also said the success of the company will also bring other manufacturers to the city because other manufacturers who are connected to the company also want to expand their operations in Davao.
He said the company is planning to gradually transfer operations here in Davao City as the cost of doing business in China increases.
Cortez also said the company is qualified to apply for incentives since they fall under the light manufacturing and assembly industry.
Published in the Sun.Star Davao newspaper on March 14, 2014.