According to the Thyssenkrupp, a leading global industrial engineering company based in Germany, the company has expressed strong interest to participate in the Philippine's defense modernization program, particularly on military shipbuilding.
Heinrich Hiesinger, chairman of the executive board, said that being one of companies that is now focusing on defense side for military have expressed this interest to the government but said they are just on a standby for government decision.
By far, Hiesinger said, thyssenkrupp is number one globally in conventional submarines. They have expertise in frigates and submarines.
He explained that if ever they will be given the chance to participate in this project, the German firm will build it locally because it is a taxpayers’ money that government will be using and as such there should also be jobs that must be generated locally.
This means that if they receive an order for shipbuilding for defense, they will find a local shipyard for the construction of the military vessel.
He reiterated though that it is up to government to make decision because that would need a state budget.
Hiesinger added that he is a very optimistic person and the main reason of his visit, aside from the opening of its regional hub in BGC, was to assess the state of opportunities in the country.
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