The Philippine Part Makers Association with the support of the Department of Trade and Industry and the Board of Investments unwrapped the 2nd Philippine Auto & Parts Expo (PhilAPEX) at the SMX Convention Center on Thursday (August 9).
This year’s expo will feature the locally-developed PUV models that will vie for the slots under the proposed eco-PUV (Public Utility Vehicle) Manufacturing Program as well as other locally manufactured vehicles (LMVs).
The PhilAPEX was conceived to highlight and create public awareness on the progress and achievements of the country’s Comprehensive Automotive Resurgence Strategy (CARS) Program.
In particular, it is being held to showcase local auto parts manufacturing capabilities, present the gains from the two CARS Program participating car makers’ implementation of their respective investment plans, and provide the opportunity for B2B networking among part makers and vehicle manufacturers.
Under the same theme, “Gawang Pilipino para sa Pilipino,” as its inaugural event, the 2ndPhilAPEX will present the two enrolled models produced under the CARS Program, the Mitsubishi Mirage/G4 and the Toyota Vios Full Model Change.
This year “has been a very auspicious year for the CARS Program. We can now report and show to the public the production of these 2 models only three years after the promulgation of EO [Executive Order] 182,” BOI Vice-Chairman and Managing Head Ceferino Rodolfo said.
The running total investments of more than P10 billion have brought the two PCMs, Toyota and Mitsubishi, closer to CARS’ localization target of 50 percent of BOM, said Rodolfo, also an undersecretary of the DTI.
The inclusion of local PUVs and LMVs “highlights the importance of local vehicle manufacturing and the government’s thrust to support it,” Rodolfo said.
“It comes at a time when the DTI-BOI undertakes the review of the Motor Vehicle Development Program to make it more relevant and its incentives package more appropriate in the light of major developments in the industry,” he added.
DTI-BOI is also in the final stages of developing the eco-PUV Program, the proposed fiscal support package for the manufacture of the replacement PUVs to be deployed under the DOTr’s PUV Modernization Program.
Local parts manufacturers welcomed these recent developments.
“This Program is what local auto part makers and vehicle body builders have been waiting for,” PPMA President Ferdinand Raquelsantos said.
“It provides local manufacturing activities that boost our industry. It is something we can look forward to that will fill up our plant utilization and sustain our labor force, if not even increase job generation,” he added,
This year’s expo is held at the much bigger SMX venue in order to provide wider access to the general public. Gates will be open to public on August 10 (Friday) from 10 am to 5 pm.
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