Trade Secretary Ramon Lopez said a company is interested in buying the manufacturing facility of Honda Cars Philippines, Inc. (HCPI) in Sta. Rosa, Laguna.
At the sidelines of the National Business One-Stop Shop launch, Lopez told reporters that the company that had inquired about HCPI’s Laguna property is an existing firm in the Philippines, but “not necessarily” in the automotive industry.
“They would like to locate here, expansion of their operation.”
“That’s our point. If a company left, then some will expand. They would like to locate here, expansion of their operation,” the trade chief added.
Lopez however declined to identify the company that is interested in buying the HCPI property.
HCPI will be closing its car assembly operation this month after announcing its rationalization plan for the Asia and Oceania region.
The Honda factory in Laguna is producing the BR-V and City models.
“Global uncertainties pushed multinational companies like Honda to shut down their operations in the Philippines.”
Recently, Lopez said it is global uncertainties that had pushed multinational companies like Honda to shut down their operations in the Philippines.
“Look at the world; we are a small player, a small country compared to the global world demand. So, you can expect a lot of this rationalization,” he said.