Toshiba Information Equipment (Philippines) Inc., Toshiba’s strategic data storage manufacturing facility in the Philippines, and Toshiba Electronic Devices & Storage Corp. announced that the Philippines operations received the Billionaires Award from the Philippine Economic Zone Authority for the third consecutive year.
Toshiba Information Equipment received the Billionaire’s Award during the Investors’ Recognition Day 2021, an annual award that recognizes companies that export more than $2 billion a year. The company manufactures storage devices that range from client HDD for personal computers, gaming console and car navigation system, enterprise HDD installed in servers, to nearline HDD for data centers, servers and surveillance camera systems and solid state drives for personal computers and server applications.
With three state-of-the-art manufacturing facilities in Laguna Technopark and Carmelray Industrial Park, the company’s production generated 6.6 percent of the Philippines’ total electronics exports value in the first half of 2021 based on Philippines Statistics Authority reports.
Amid the COVID-19 pandemic, the company continued its manufacturing operations while supporting the health and safety of employees and business partners by implementing stringent workplace measures. The company achieved sales of $2.2 billion in CY2020, a significant contribution to the Philippine economy.
The company was conferred with the PEZA Golden Achievement Award in 2012, the most prestigious and most esteemed award given by PEZA to a company that has been elevated to the Hall of Fame in all four categories: Outstanding Exporter Award, Outstanding Employer Award, Outstanding Community Project Award and Outstanding Environmental Performer Award.
Jun Ito, president and representative director of Toshiba Information Equipment (Philippines), Inc. said: “We are honored to receive this award for three consecutive years. Since we began operations in 1996, we believe in empowering the local community and have a local staff strength of more than 11,000 employees and also contribute to creating direct and indirect employment in the supply chain. This is our 25th year of operations and we are committed to expand our business centered on nearline HDD series and contribute to the Philippine economy.”
PEZA, an investment promotion agency, is responsible for promoting investments, extending assistance, granting incentives and facilitating the business operations of investors in export-oriented manufacturing and service facilities in the country.
The accolade was presented by the Trade Secretary Ramon Lopez and PEZA director-general Charito Plaza to Ito during the PEZA’s Investors’ Recognition Day on Nov. 25, 2021 in Pasay City.
In 2020, the criteria of export value were adjusted to $2 billion a year in view of the impact of the COVID-19 pandemic.