Sumitomo to close factory<\/p>\n
TOKYO (DPA): Japan's Sumitomo Metal Industries Ltd. said
\nThursday it will withdraw from making electronic parts in the
\nPhilippines because dwindling demand has made the operation
\nunprofitable.<\/p>\n
The steel-maker that has diversified into the field of
\nelectronic parts said the production line at the Philippine
\nfactory for manufacturing plastic package for MPUs
\n(microprocessing units) was halted Oct. 15.<\/p>\n
Sumitomo Metal Electronics Devices Incorporation, a subsidiary
\nof the company, set up the factory in Batangas Province, south of
\nManila, in June last year.<\/p>\n
The factory, with some 200 employees, had the capacity of
\nmaking one million units a month.<\/p>",
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