TOKYO--(BUSINESS WIRE)--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."