Dyson to Invest 11 Billion Pesos in New Philippine Factory
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Consumer electronics giant Dyson Ltd. plans to invest 11 billion pesos ($194 million) in the Philippines in the next two years, according to a statement from the office of President Ferdinand R. Marcos Jr.
Dyson Chief Executive Officer Ronald Krueger told Marcos at a meeting on Saturday that the company made the decision four months ago to invest further in the country, where it already has a factory producing electrical motors, according to the statement.