February 15, 2018 – Mitsubishi Motors Philippines Corporation (MMPC) has today announced the opening of a new Stamping shop in Santa Rosa, Laguna.
The opening of the new shop follows the inauguration of the Santa Rosa Plant in 2015 and represents an important step in Mitsubishi Motors’ plans to expand its presence in the fast-growing Philippine automotive market.
The new Stamping shop has the capacity to produce 35,000 units, in two shifts per year, enabling Mitsubishi Motors to dramatically scale up local production of the Mitsubishi Mirage hatchback and Mirage G4 sedan, or Attrage as it is known in other markets.
MMPC’s Stamping shop facility contains the biggest stamping machine in the Philippines, reflecting the commitment of Mitsubishi Motors to the localization of automotive manufacturing in the country.
As the first car manufacturer to join the Philippine government’s Comprehensive Automotive Resurgence Strategy (CARS) program, Mitsubishi Motors revealed that by 2023 MMPC will have produced 200,000 units of the Mirage and Mirage G4. Since its inauguration in January 2015, MMPC’s Santa Rosa Plant has already provided 600 additional jobs.
The opening of the new Stamping shop coincides with the announcement that Mitsubishi Motors has raised the local content of the Mirage to 35 percent, and will increase it further to fulfil a key requirement of the CARS program.
Commenting on the opening of the new shop, Mutsuhiro Oshikiri (MMPC President and CEO) said:
“The opening of our new Stamping shop is the beginning of a new chapter in the story of Mitsubishi Motors’ operations here in Philippines. This Stamping shop enables us to turn the aspiration of localized production into a reality, further building our presence in the Philippines, at the same time as strengthening our offering to consumers.”