Consumer electronics giant Dyson to invest US$194mil in new Philippine factory, says Marcos

MANILA (Bloomberg): Consumer electronics giant Dyson Ltd. plans to invest 11 billion pesos ($194 million) in the Philippines in the next two years, according to a statement from the office of President Ferdinand R. Marcos Jr.

Dyson Chief Executive Officer Ronald Krueger told Marcos at a meeting on Saturday that the company made the decision four months ago to invest further in the country, where it already has a factory producing electrical motors, according to the statement.