MANILA -France-based multinational corporation Schneider Electric is planning to scale up its logistics hub in the Philippines, with the company investing 1.4 million euros (P86.5M) for its expansion.
The Board of Investments (BOI) met with Schneider Electric executives on July 20, during which expansion plan for its facility in Cavite was discussed.
The government agency said this move reaffirmed the French firm’s confidence in continuing its manufacturing, logistics and other high value services in the country.
A company executive said their business was constantly evolving to ensure growth and resilience.
“An integral part of our growth strategy includes continued strengthening of the organization’s global services that is based in the Philippines,” said Ejie-Tauto-An, logistics director of APC, Schneider Electric’s flagship brand.
“This expansion underpins the company’s goal of further boosting our global presence and capabilities to support advancement across different markets around the globe,” he added.
Schneider Electric’s local unit has been operating in the Philippines for 26 years and currently has 3,375 employees. The group caters to nine countries with annual products and services valued at 1 billion euros or P4.87 trillion.
The Philippines is one of four countries where the French firm operates global hubs, all of which provide technical, analytics, finance planning and accounting and sales support to 154 countries in 23 different languages.
Aside from this planned expansion in Cavite, the group has also expanded its analytics section for the Schneider Electric Global Hub in Taguig. The company is looking to hire 80 local data analysts for this expansion.
The group also discussed with BOI executives their road map to achieve net zero emission in its local operations within the current decade.
“Part of the company’s sustainability journey in the Philippines is to reach 50 percent conversion of inter-site trucks to electric vehicles (EV) and 20 percent of last mile to utilize EV trucks as part of their net-zero road map, which it plans to achieve by 2030,” said the BOI.
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