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November 17, 2011
Citizen Machinery Miyano Co., Ltd.
Launched the Industry's First Production
of Machine Tools in Philippines
- The first made-in Philippines CNC Turning Center is shipped -
CITIZEN MACHINERY MIYANO CO., LTD. (HQ: Miyota-machi, Kitasaku-gun, Nagano, Japan President: Kenji Sugimoto, hereafter Citizen Machinery Miyano), launched machine tools production in Philippines, for the first time in the machine tool industry *1 and shipped the first made-in Philippines CNC Turning Center today.

CITIZEN MACHINERY PHILIPPINES INC., as an overseas subsidiary company of former Miyano Machinery Inc., has been producing and processing of casting of which become the bed part of machine tools from 1987. And, as a product supply base for emerging countries of which further demand expansion are expected, it has expands its business outline and started production of machine tools from this month. The production of machine tools in Philippines is unprecedented experiment in the machine tool industry. Also, Citizen Machinery Philippines Inc. becomes the Citizen Machinery Miyano's first factory which provides full-scale local production from casting production, machine processing and assemblies.

photo And now, "Miyano BNA-42S", the first made-in-Philippines CNC Turning Center is made and shipped. Today, in a commemoration of the first shipment, a ceremony is hold with attendance of Hon. Lilia B. de Lima, Director General, Philippine Economic Zone Authority (who had received the Order of the Rising Sun, Gold and Silver Star in 2006), Mitsuyuki Kanamori, President, Citizen Holdings Co., Ltd. and Kenji Sugimoto, President, Citizen Machinery Miyano Co., Ltd. Also, the company applied for an official certification as a pioneer company *2 of CNC Turning Center production in Philippines and will be taken out in the very near future.

CITIZEN MACHINERY PHILIPPINES INC. had changed its company name from previous MIYANO PHILIPPINES INC. effective on November 1, 2011 in accordance with the birth of CITIZEN MACHINERY MIYANO CO., LTD. in this April. The machine tool production scale in Philippines is 50 units per month, thus total global production scale of Citizen Machinery Miyano that consists of the Philippine factory, factories in China and Thailand that have been expanding this year and two domestic mother factories (Karuizawa HQ factory and Kitagami factory) becomes 650 units per month.

Corporate Profile

Name CITIZEN MACHINERY PHILIPPINES INC.
Address First Philippine Industrial Park (FPIP), Lot No. 29, Barangay Ulango, Tanauan City, Batangas 4232 Philippines
Capital 400 million peso (about 800 million yen)
President Yasuji Takahashi (continuation)
Number of employees About 300 people (as of September 30, 2011)
Main business Production of casting and machine tools of Citizen Machinery Miyano's CNC Turning Center.

*1 As of the announced date in November 2011.

*2 It is one of Philippines' communication industry promotion policy; when a company produces any product and the like which has not been produced in the Philippines before and be authorized as a pioneer company, the company will be given preferential treatment including corporate income tax incentives.