3M Corp. is deepening its presence in the Philippines, planning to construct a customer technical center to house the Maplewood company’s research and development unit there.
The Philippine Daily Inquirer reports that 3M broke ground on the $8.6 million facility in the Bonifacio Global City in Taguig City. The building, which will house technical engineers and their laboratories, is expected to be completed by early 2015.
Ramesh Ramadurai, president and managing director of 3M Philippines, said the decision to expand in the Philippines comes in response to the strong Asian market for 3M products across all segments, particularly in health care.
The newspapers says that sales of 3M products in the Philippines rose by about 15 percent in the first half of the year.