Japanese eyeglass lens maker Hoya Lens through its Philippine manufacturer is expanding operations in the country with the infusion of an additional $15.77 million to its current investments.
Hoya Lens Philippines through EHS Lens Philippines upped total investments in the Tanauan, Batangas facility to $96.3 million since operations began in 2013.
EHS Lens President Alberto M. de los Reyes Jr. told reporters in September that Hoya Lens is eyeing to source all of its prescription lenses from the Philippines. Hoya currently sources from both the Philippines and Thailand.
Hoya Lens Philippines Managing Director Jennifer V. Rayala confirmed in a release that the Japanese lens maker will source all their high-end products such as Lifestyle and Mystyle progressive lenses from the Philippines by first quarter of 2020.
“By sourcing these lenses locally, we can shorten the delivery time to our customers to four to five working days, from a previous eight to 10 working days if imported,” Rayala added.
EHS Lens said the additional investment was used to purchase additional equipment to improve the manufacturer’s monthly production capacity.
EHS Lens currently produces 1.8 million units of the stock lens and 850,000 units of prescription lens. The new machines are expected to push the output to 1.2 million units of prescription lens.
EHS Lens operates with over 2,000 workers, the majority of which are Filipinos, in the Batangas manufacturing plant.
More and more international companies are investing in the Philippines as a production hub with the likes of French food group La Rose Noire setting up in Clark, Taiwan’s New Kinpo Group expanding operations, and UK’s Dyson Electronics, among many others.
SEND cheers in the comments below to Hoya Lens and EHS Lens for investing in the Philippines!
Like, Follow, Subscribe to GoodNewsPilipinas.com Facebook, Twitter, Instagram, Good News Pilipinas! TV on YouTube, new story notifications and e-mail newsletters for updates on more Filipino Pride stories.