Mitsubishi produces 600,000 units in the Philippines

“This is another production milestone in MMPC’s 53 years of existence as one of the major players in the local automotive, manufacturing industry,” President Yoshiaki Kato said in a briefing at its plant in Sta. Rosa, Laguna.

The company as early as June 2016 plans to set up the press manufacturing or stamping facilities for side panels and roof that will account for almost half of the proposed initial capital expenditure the program, or about P2 billion (US$42 million) for the press plant alone.

MMPC earlier announced an initial capital expenditure program of P4.3 billion (US$91 million) to jumpstart the production of Mirage, the company’s entry model in the CARS program.

MMPC currently brings in the Mirage sedan and hatchback variants from its hub in Thailand.