CABUYAO, LAGUNA, PHILIPPINES -- First Sumiden Circuits is investing about $64 million (P2.96 billion) to expand its flex circuit manufacturing operation here.

The joint venture between Sumitomo Electric Industries and First Philippine Holdings now employs over 2,040 workers at the Light Industry Science Park in Cabuyao.

The latest round of investment could generate nearly $120 million in annual exports.

The site was established in Cabuyao in 1996.

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