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Marubeni mulls RE foray, industrial estate dev't in Phl
The Philippine Star
|April 02, 2024
Japanese trading giant Marubeni is mulling an industrial estate comeback in the Philippines, while also exploring possible ventures into the renewable energy (RE) space.
Marubeni Philippines Corp. president and CEO Shigeru Shimoda told The STAR in an interview that the company is considering a potential return in the development of industrial estates, a decade after divesting its stake in a Batangas industrial park.
"Industrial estate...we sold our share in Lima 10 years ago to Aboitiz," Shimoda said.
Marubeni has developed highquality industrial parks across Asia.
In 2014, Aboitiz Land bought out Marubeni's 40-percent stake in Lima Land, owner and operator of the Lima Technology Center in Batangas.
Lima Technology Center was the second industrial park project that Marubeni embarked on in the Philippines, with the First Cavite Industrial Estate being the first.
Aside from industrial estates, Shimoda said another interesting segment in the Philippines at present is RE.
यह कहानी The Philippine Star के April 02, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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