Aquino receives group of investors in Malacanang

July 11, 2012 9:29 pm 

MANILA, July 11 — President Benigno S. Aquino III received a group of investors led by Japanese businessman Toshimasa Iue, Chief Executive Officer of LIXIL Global Company, to discuss the company’s planned expansion in the country that will provide more economic opportunities for the Filipinos and further boost the country’s economy.

In a courtesy call at the Music Room of the Malacanang Palace on Wednesday morning, Iue met with President Aquino who exchanged pleasantries with the group that included Felino Bernardo, country manager of American Standard; Ken Ng, CEO of LIXIL Asia and Miho Watanabe.

Also present during the event was Presidential sister Ballsy Aquino-Cruz.

In an interview following the call, Bernardo said that American Standard LIXIL Group is planning to expand its business in the Philippines. The group is engaged in the business of providing construction building materials such as doors, windows and other fixtures.

LIXIL Corporation, for its part, manufactures and sells building materials and housing equipment. It offers various bathrooms, windows, entrance doors, tiles, kitchens, curtain walls, and steel doors; sanitary fixtures, such as basins, faucets, and accessories; and interior furnishing materials, including interior doors, sliding doors, system storage systems, and flooring materials.

The company serves customers in Japan and other countries as well. It was founded in 2001 and is based in Tokyo, Japan with Japan, China, Hong Kong, Vietnam, Korea, Taiwan, Malaysia, Thailand, Singapore, India, Indonesia, Australia, the Philippines, Canada, the United States, Croatia, France, Germany, Ireland, Italy, the Netherlands, the Russian Federation, Switzerland, Spain, Sweden, the United Kingdom, Qatar, Saudi Arabia, and the United Arab Emirates. LIXIL Corporation operates as a subsidiary of JS Group Corp. (PNA)

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