A Philippine firearms manufacturer sees healthy export sales in 2013 based on the steady demand growth in key markets overseas.
On the TV talk show Practical Business last December 6, Metro Arms Corporation president Hector Rodriguez revealed that almost 90 percent of his company’s production is now exported while only the remainder is sold to the local market.
He said the manufacturing capacity of Metro Arms, which is based in the Manila-suburb of Paranaque, is being stretched to the limit to fill the growing demand in the United States, Spain and Australia among other countries.
Meanwhile, Rodriguez admitted that the unabated rally in the Philippine Peso is severely affecting the bottomline of the export sector in general.
But he explains that this is somehow balanced-off by the fact that the local defense industry imports a significant percentage of its raw materials.
Practical Business, which is aired over Philippine satellite and cable channel Global News Network (GNN), is hosted by Home Defense Journal editor Miguel Gil. –-Staff Report