News & Update

Notice of Establishment of Chodai Philippines Corporation ( Local subsidiary)

Chodai have  established a wholly-owned subsidiary, Chodai Philippines Corporation (Satoshi Kato, President, hereinafter "Chodai Philippines") in the Philippines. 

At the office located in Rockwell, Makati city, Philippines, a company establishment ceremony was held on December 1st. The ceremony was taken part by Koji Haneda, Ambassador-designate of Japan to the Philippines, Susumu Ito, JICA Philippines Chief Representative, Seigou Baba, JBIC Manila office Chief Representative and Takashi Ishira, JETRO Manila office Director from the Japanese side while JV Ejercito, Philippine senator, Charito Plaza, Director General of Philippine Economic Zone Authority, Ronnie Lagnada, Mayor of Butuan City, Basilio Castello, Department of Public Works and Highways-PJHL Director, Mario Marasigan, Department of Energy Director and many other private companies participated from the Philippine side.

At the ceremony, Yasuji Nagaya, President of Chodai Co., Ltd. undertook Chodai's policy of contributing to the creation of a beautiful and comfortable environment in the Philippines under the company's slogan, "People, Dreams, and Technology." In addition, Mr. Satoshi Kato, President of Chodai Philippines, has expressed a policy of connecting Japan and Mindanao Island, especially Caraga region, and contributing to further economic development of both countries.

We have established numerous group of businesses (with a total project cost of approximately 140 billion yen) that include development projects in line with "Caraga Regional Comprehensive Development Plan" and have also established cooperation with the governments, local governments, and private companies from both countries. In cooperation with the "Japan Mindanao Economic Development Association" (tentative name) which will be established next year, we will promote more full-scale regional development under PPP scheme.

We will continue to promote our businesses in line with the Japanese government's promotion of high-quality infrastructure exports and the establishment of a low-carbon society. Through low-carbon economic development, we would like to contribute to mitigate the challenges for  global warming, the achievement of greenhouse gas (GHG) reduction of Japan and the establishment of peace in Mindanao.

In addition, we will play the role of liaison with  Japan and other Japanese companies together  in order to deliver the business opportunities as much as possible of participation to the projects in foreign countries with the various Japanese governmental agencies, local governments and private companies.  We would like to contribute strongly to the economic development of Mindanao Island, including the area around Butuan City and furthermore contribute to the regional revitalization of Japan through the export of excellent technology and know-how in various parts of Japan.