Last 22 May 2014 in Melbourne, Australian automobile parts manufacturers gathered at a Conference organized by the Australian Auto Aftermarket Association. With the theme of “shifting gears”, the Conference discussed issues related to the impending cessation of Australian automobile assembly by 2017. With the local market for OEM parts manufacturers about to disappear by 2017, the industry invited Philippine Commercial Consul for Australia and New Zealand Mr. Emmanuel Ang to give a presentation and sit in a panel discussion on opportunities in the Philippines.
Australia’s current three (3) vehicle assemblers Toyota, GM Holden, and Ford, all announced within the space of a few months that they will cease assembly by 2017, and will instead be importing cars from overseas. The Australian auto parts industry largely did not expect this change to come so soon, and now the industry is interested in options for the coming years. These options include forecast growth for the aftermarket segment, supplying to other industries, specializing in certain parts which benefit from being locally manufactured, and also exporting to and expanding in other countries.
At a time when auto assembly is contracting in Australia, Consul Ang mentioned that we are expecting significant growth and exciting positive developments in the Philippine vehicle assembly industry. The Philippines, with 93 million people, is a large market in its own right and was the fastest growing country last year in GDP terms in South East Asia. With excellent logistical and trade linkages with Asia, a large pool of skilled workers, and a stable and conducive business environment, the Philippines is an excellent destination for Australian auto parts manufacturers looking to establish an overseas foothold in Asia.Philippine Commercial Consul for Australia and New Zealand Emmanuel Ang delivering a presentation on Philippine investment opportunities to Australian auto parts manufacturers. The Australian Auto Aftermarket Association (AAAA), organizers of the 22 May 2014 Conference, giving a rundown of the day’s program, which discussed how the industry will need to “shift gears” in light of developments in car assembly in Australia. Presentation on the Australian auto parts manufacturing industry prospects in the coming years. Panel discussion on the three featured overseas markets – Thailand, Indonesia, and the Philippines