Manila: Japanese shipbuilder Tsuneishi Heavy Industries (Cebu), Inc. will be spending P11 billion to expand its local facilities at its West Cebu Industrial Park in Balamban, Cebu.?The expansion, which requires an additional 90 hectares of land, will also employ an estimated 6,000 workers in the area, the company said. ?With increased capacities, the company will be able to build 250,000 dwt vessels.
In August 1999, the company originally made vessel parts and engaged in engineering work. ?Five years later in 2004, Tsuneishi began construction of slipways, a ramp allowing ships to be built and repaired. [12/02/09]
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