TMX PHILIPPINES, INC. (TIMEX)

About TMX PHILIPPINES, INC. (TIMEX)

TMX PHILIPPINES, INC., a subsidiary of TMX Limited, N.V., is located at the Philippine Economic Zone Authority, Lapu-Lapu City (Mactan), Cebu. We are one of the biggest exporters in the Mactan Economic Zone. Our vision is to be the most agile, competitive, and innovative manufacturer of supplier quality watches. Our human resource programs reinforce the company's guiding values of commitment, integrity, teamwork and excellence, anchored in an environment that encourages open communication. Timex Group has a long history. For nearly a century and a half, Timex and its corporate ancestors - Waterbury Watch, Robt. H. Ingersol & Bro., and US Time - have been manufacturing affordable, high-quality clocks and watches for the American public. Each of these companies were important innovators in their day, enjoying the same kind of success that Timex has known since the 1950s. In the 1990s, Timex is the only surviving independent watch manufacturer in America. Our inheritance - an enduring legacy of change and innovation - is an important advantage as we advance toward the next century. Timex and its predecessors have spanned the entire epoch of American clock and watch making and the long waves of American Industrial and economic history. TMX Philippines, Inc. was established in Cebu, Philippines in 1979 as the first locator of the Mactan Export Processing Zone. TMX Philippines, Inc. is a result of Far East Expansion program and Cebu was chosen to be the best site among other 29 alternative locations. The facility has a building space of 3.5 hectares strategically located on a 9 hectare-land. During its early years, it was strictly designed as a sub-assembly plant for Timex brand watches and other watch products. Over the years, Cebu’s role evolved into its current strategic position as the main manufacturing arm of Timex Group and the initial take-off point for product distribution. Over 80% of Timex Group’s products sold worldwide were either made (fully or in final assembly) and/or shipped from the Cebu plant. The Cebu plant is one of the most vertically integrated watch manufacturing locations in the industry worldwide with a wide range of capabilities. The complex includes fully air-conditioned main factory building, Watch School facility, Cafeteria, the medical and dental clinics, sports facilities (tennis court, basketball court and soccer field) and other facilities to completely support manufacturing operations. The key functions include Fabrication (dials, hands, cases), Plating, Assembly (printed circuit boards, coils, quartz analog movements, digital modules, strapping, laser marking), and Distribution (boxing, shipping). Other capabilities that support global operations include Tool Room, Development Engineering, Repair & Service, Global Information Technology Hub, and the Contact Center. The company is engaged primarily in the assembly of quartz analog and digital watches and wrist instruments for men and ladies. Our major brand name is TIMEX. Our most famous product feature - the INDIGLO. Other brand names include Nautica, Ted Baker, Guess, GC, Furla, Adidas, Philip Plein, and Daniel Willington.