Philippines lags in vehicle production
Motor vehicle production in the Philippines is a lot slower that in many of its Southeast Asian neighbours, despite production rose in the first two months 2013 from a year ago, the ASEAN Automotive Federation (AAF) said in a new report.
According to the AAF, the Philippines produced 11,551 motor vehicles in the January to February 2013 period, up 4.4 per cent from the 11,064 units in the same period last year. However, the number of motor vehicles produced in the country was lower compared to many other countries in the region.
Thailand, which accounted for the bulk of motor vehicles produced in the region, assembled 465,229 units in the two-month period, a 50.7 per cent increase from last year. Indonesia came second and manufactured 198,146 units, a 21.2 per cent growth from the comparable period in 2012.
Malaysia, which had the third biggest share, produced 97,017 units, up slightly from the 95,352 units made in the previous year.
The number of motor vehicles produced in the Philippines however, was higher compared to Vietnam’s 11,053 units, which went down slightly from 11,132 units last year.
The region produced a total of 782,996 units as of end-February 2013, which climbed 32.8 per cent from a year ago. The AAF seeks to promote automotive market integration and growth, cooperation, as well as investments in the Southeast Asian region.
Local vehicle assemblers in the Philippines have been waiting for the release of the new road map for the automotive industry, which is expected to provide fiscal and non-fiscal measures to support the growth of the sector.
The Philippines’ Board of Investments executive director Lucita Reyes said the release of the automotive road map has been delayed as they still need to consult with other government agencies for the measures to be introduced to help the industry. In December 2012, Ford Motor Company shut down its factory in the Philippines, citing supply and logistics problems.
[caption id="attachment_8354" align="alignleft" width="240"] Former ford assembly plant in the Philippines. The US car maker has shut down its operations in 2012 due to logistics problems[/caption] Motor vehicle production in the Philippines is a lot slower that in many of its Southeast Asian neighbours, despite production rose in the first two months 2013 from a year ago, the ASEAN Automotive Federation (AAF) said in a new report. According to the AAF, the Philippines produced 11,551 motor vehicles in the January to February 2013 period, up 4.4 per cent from the 11,064 units in the same period last year. However, the...
Motor vehicle production in the Philippines is a lot slower that in many of its Southeast Asian neighbours, despite production rose in the first two months 2013 from a year ago, the ASEAN Automotive Federation (AAF) said in a new report.
According to the AAF, the Philippines produced 11,551 motor vehicles in the January to February 2013 period, up 4.4 per cent from the 11,064 units in the same period last year. However, the number of motor vehicles produced in the country was lower compared to many other countries in the region.
Thailand, which accounted for the bulk of motor vehicles produced in the region, assembled 465,229 units in the two-month period, a 50.7 per cent increase from last year. Indonesia came second and manufactured 198,146 units, a 21.2 per cent growth from the comparable period in 2012.
Malaysia, which had the third biggest share, produced 97,017 units, up slightly from the 95,352 units made in the previous year.
The number of motor vehicles produced in the Philippines however, was higher compared to Vietnam’s 11,053 units, which went down slightly from 11,132 units last year.
The region produced a total of 782,996 units as of end-February 2013, which climbed 32.8 per cent from a year ago. The AAF seeks to promote automotive market integration and growth, cooperation, as well as investments in the Southeast Asian region.
Local vehicle assemblers in the Philippines have been waiting for the release of the new road map for the automotive industry, which is expected to provide fiscal and non-fiscal measures to support the growth of the sector.
The Philippines’ Board of Investments executive director Lucita Reyes said the release of the automotive road map has been delayed as they still need to consult with other government agencies for the measures to be introduced to help the industry. In December 2012, Ford Motor Company shut down its factory in the Philippines, citing supply and logistics problems.
