TSUNEISHI HEAVY INDUSTRIES (CEBU) Holds 25th Anniversary Ceremony


01/10/2020 2:00 pm

TSUNEISHI HEAVY INDUSTRIES (CEBU), Inc. (Abbr.: THI; Location: Balamban, Cebu, Philippines; President: Akihiko Mishima) held a ceremony on November 30 to mark the 25th anniversary of its establishment. Among the guests were Cebu Governor Gwendolyn Garcia, Ambassador Koji Haneda from the Embassy of Japan in the Philippines, and Mr. Erramon “Montxu” Aboitiz of the ABOITIZ GROUP, along with THI’s employees and some 1,100 people affiliated with the TSUNEISHI Group.

In 1994, when there was not yet much development of industry and basic infrastructure in the Balamban area of Cebu Island, TSUNEISHI HEAVY INDUSTRIES (CEBU) started developing land and constructing shipbuilding facilities. Today, 25 years later, the company has grown to become one of the largest shipbuilding factories in the Philippines, and has the capacity of building about 20 vessels a year, mainly 30,000-ton to 180,000-ton class bulk carriers.

In his welcoming speech, THI President Akihiko Mishima spoke with both gratitude for the past and enthusiasm for the future in noting that “We have reached our 25th anniversary, thanks to the outstanding efforts and cooperation of our employees and the local community. The first bulk carrier was completed here in 1997, and since then a total of 278 ships have been built and the first 1,900 TEU container carrier was delivered this year. Even amidst intensifying competition in the global shipbuilding market, I remain confident that through strong teamwork among our many local employees and our staff from Japan, we can achieve high-quality shipbuilding that is responsive to increasingly diverse market needs. In addition, we will continue our support for the sustainable development of communities where our employees and their families reside. Going forward, THI will always seek to be a company that is highly valued by its customers, regional communities, and all of its employees.”

At the ceremony, attendees had a look back at THI’s rise by viewing a video documenting the company’s 25-year history.

TSUNEISHI HEAVY INDUSTRIES (CEBU) is one of the top shipyards in Cebu, Philippines. It has the capacity to build about 20 ships per year, centering on 30,000-ton to 180,000-ton class bulk carriers. It employs over 11,000 people including the ones from the subcontractors. It engages in newbuilding of oceangoing vessels, and ship repair of coastal vessels in Philippines. As THI has been contributing greatly to the growth and development of shipbuilding industry in Philippines, and providing CSR support to the community, ranging from education to healthcare, Philippine Economic Zone Authority (PEZA) gave THI the Outstanding Exporter Award and the Outstanding Community Projects Award, etc. THI continues to give support to the development of regional economy and the realization of affluent living of the community.

Business: Shipbuilding
Established: September 1994
Employees: Approx. 11,000 (as of December 2019, including subcontractor employees)
Location: West Cebu Industrial Park-SEZ, Buanoy, Balamban, Cebu, Philippines 6041
Shipyard area: Approx. 1,470,000 square meters
Main facilities: two slipways, one building dock, two floating cranes, etc.
Ship types delivered: bulk carriers, container carriers, pure car and truck carriers, and tugboats

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