Major British firm B/E Aerospace has chosen the Philippines as the site of its galley manufacturing facility, from which more than 300 new jobs for Filipinos would be created, British Ambassador to Manila Stephen Lillie announced on Monday.
Out of an initial list of 32 countries, B/E Aerospace, Inc and its Leighton-Buzzard division, B/E Aerospace UK Ltd., chose the Philippines for a multi-billion-dollar contract to manufacture galleys for the Airbus A350XWB, one of the new generations of wide-bodied aircraft, according to Lillie.
Completed galley units will be shipped to Marseilles and then onwards to Toulouse, where the Airbus A350 will be assembled.
"The first phase of the investment is worth over US$ 30 million. This is good news for the Philippines, particularly since the investment will create more than 300 new jobs locally," said Lillie.
B/E Aerospace is the leading provider of aircraft interior products and solutions and the world’s leading distributor of aerospace fasteners and consumables for the commercial, business jet and military markets.
"I welcome this major manufacturing investment, and I am delighted that the British Embassy Trade & Investment team were able to assist a top-quality UK company like B/E Aerospace in identifying options for locating in the Philippines. I hope this will go to show that the Philippines offers opportunities for business success, not only in the service sector but in manufacturing also," said Lillie."
"We hope the new Philippine Administration will take pro-active measures to create a more attractive investment climate for the Philippines, so that there will be even more projects like this," he added.
The UK Government has been looking towards Asia for trade and investment opportunities, recognizing the region’s emerging markets as the driving force of global recovery.
Early this year, Ambassador Lillie went to the UK to promote the Philippines to British companies in London, and, this November, UK Trade and Investment Director Derek Page will be meeting British companies in Bristol, Newcastle and Hinckley.
With the assistance of UK Trade and Investment’s commercial services, B/E Aerospace conducted extensive market research on several countries. The UK Trade and Investment team at the British Embassy Manila were able to help the UK company’s decision to set up their manufacturing facility in the Philippines.
UK Trade & Investment is the government organization that helps UK-based companies succeed in the global economy and assists overseas companies to bring their high-quality investment to the UK.
B/E Aerospace is the world’s leading manufacturer of aircraft cabin interior products and the world’s leading distributor of aerospace fasteners and consumables.
It designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. Its manufactured products also include aircraft cabin seating, lighting, oxygen, and food and beverage preparation and storage equipment. The company also provides cabin interior design, reconfiguration and passenger-to-freighter conversion services.
Products for the existing aircraft fleet -- the aftermarket -- generate about 50 percent of sales.
B/E Aerospace sells and supports its products through its own global direct sales and product support organization. (PNA)
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