LIPA CITY, BATANGAS – New Kinpo Group (NKG), through its Philippine subsidiary Cal-Comp Technology (Philippines), Inc. (Cal-Comp Technology), said it will hire 5,000 Filipinos in the next 12 to 18 months as it moves to expand its operations in the country.
The global technology conglomerate aims to double its workforce in the Philippines by 2020, as the country becomes NKG’s largest manufacturing hub in Southeast Asia (SEA).
Among the most in-demand posts are research and development engineers, operators, administration positions, and managers and executives.
NKG said that SEA is expected to continue outgrowing other regions in labor force due to lower labor costs and increasing talent.
“NKG is intent on expanding its manufacturing base in the Philippines through Cal-Comp Technology. The country’s deepening talent pool and Filipinos’ excellent language capabilities are key assets to a global operations like ours,” NKG and Cal-Comp Technology CEO Simon Shen said.
At present, Cal-Comp Technology employs a 10,000-strong workforce in its two local plants: the Lima Technology Center in Lipa City, Batangas, and the First Philippine Industrial Park (FPIP) in Sto. Tomas, Batangas. Two more plants are set to be built, with one of them already operational by September this year. These new facilities will house the company’s fresh labor force.
Shen said Cal-Comp Technology is also developing its research and development (R&D) capabilities in the Philippines by increasing its local engineering division from over 140 engineers to close to a thousand.
“Filipino engineers will have access to NKG’s global design, strong R&D capabilities, stringent quality management, and strong financial resources to support their training,” Shen said. “On average, it takes three to five years to fully train a new engineer. It takes time, but we believe in Filipino talent, and we are eager to impart world-class training through our smart factory solutions, intelligent warehouse and automated guided vehicles (AGV), and intelligent machinery and robotics.”
To support this expansion and job creation in the Philippines, Cal-Comp Technology recently filed for a P6.77-billion initial public offering (IPO) with the Securities and Exchange Commission (SEC). Proceeds from the listing will be used for facilities expansion, acquisition of new equipment, and R&D. Cal-Comp Technology targets to debut in the local bourse before the end of the year.