Hino Motors Acquires Majority Ownership of Joint Company in the Philippines

Management

Jul 28, 2015

Hino Motors, Ltd. (Hino) acquired majority ownership of its joint company Pilipinas Hino, Inc., which carries out manufacturing and sales operations in the Philippines, renaming the company Hino Motors Philippines Corporation (Hino Philippines).

For over four decades, Hino has built a solid reputation for its brand in the Philippines by offering products with excellent QDR (Quality, Durability and Reliability) and exceptional after-sale services. In recent years, the Philippines has been enjoying one of the highest growth rates among major ASEAN nations, ushering in a growing commercial vehicles market. Hino sees the Philippines as a key market with significant inherent demand.

As part of the company’s efforts to reinforce its Total Support operations for addressing a diverse range of customer needs, and to further build on the Hino brand’s reputation in the country, Hino has increased its equity in Pilipinas Hino and acquired majority ownership in this joint company, originally formed with local partner Professional Managers, Inc. (PMI) and Marubeni Corporation.

In response to the ongoing growth of the market, we intend to provide one-stop shopping and services that address a diverse range of needs by further enhancing our sales organization and reinforcing our body manufacturing operations for truck and bus bodies. In after-sale support and services, we plan to reinforce our Total Support operations with a focus on direct dealers, and improve our systems and organization so we are sought by our customers as a partner and active contributor to their businesses. We aim to become a brand that our customers will continue to choose based on our ongoing vision of a single Team Hino in which the manufacturer, distributors and dealers work together hand-in-hand.

Hino and Hino Philippines are committed to working together to develop the automotive industry in the Philippines and contribute to the development of local communities by offering trucks and buses that play an essential supporting role in all of our lives.

<Hino Philippines Overview>

NameHino Motors Philippines Corporation
Head Office and Plant LocationCanlubang Industrial Estate, Calamba City, Republic of the Philippines
Plant Site AreaApprox. 57,000m2
PresidentHiroshi Aoki (Hino)
Capitalization900 million pesos
EquityHino: 70%, Marubeni: 20%, PMI: 10%
(Previously: Hino: 15%, Marubeni 15%, PMI: 70%)
Business OperationsImport, assembly, wholesale and retail of vehicles (heavy-, medium- and light-duty trucks and buses), components and replenishment parts. Truck and bus body manufacturing.
Types of Vehicles ProducedMedium- and light-duty trucks and buses
Production CapacityApprox. 2,000/year (1 shift operation)
EmployeesApprox. 210 (July, 2015)

HINO TOPICS

Hino Motors announces "Strategy of Hino towards Carbon Neutrality"

Others 2023.10.27

Hino Motors announces "Strategy of Hino towards Carbon Neutrality"

Hino Motors, Ltd. has announced its initiatives for carbon neutrality today.

View More

Changing Corporate Culture through Dialogue

Others 2022.11.2

Changing Corporate Culture through Dialogue

In order for the entire company to address the issues that have occurred, Hino believes that it is necessary to foster a company-wide corporate culture where people can have respectful dialogue as equals.

View More

Hino's New Corporate Philosophy: The "HINO Way"

Others 2022.11.2

Hino’s New Corporate Philosophy: The “HINO Way”

The new corporate philosophy, the “HINO Way,” disseminated within the company in June 2022, goes back to Hino’s original goal of contributing value to customers and society.

View More

Reform of Processes of Development, Regulatory Certification  and Quality Assurance

Others 2022.9.22

Reform of Processes of Development, Regulatory Certification and Quality Assurance

Hino aims to restore trust in the quality of Hino’s products by making and implementing development plans that are appropriate and practical based on its development capabilities and schedule, as well as ensuring the sound retention of data demonstrating compliance.

View More

Search within this website