August 6, 2012

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Article

International Armoring Corporation to Armor 180 Vehicles In Philippines

Press Release

August 6, 2012

International Armoring Corporation (IAC), announced, that it has received an order to armor 180 vehicles for use in the Philippines from a multi-national security company/investor.  The vehicle contract, mostly light Toyota SUV chassis, will be built to level B6 protection (High Powered Rifle) valued at nearly US $20 million. All materials required to armor these vehicles will be designed and manufactured in IAC’s Centerville, Utah facility and shipped to IAC’s Philippine plant for install in the vehicles.  It is anticipated that the entire contract will be completed by August 2013.

Ana Basa, manager of sales and marketing of IAC Philippine operation stated: “The majority of these vehicles required for this contract will be subsequently leased or re-sold to multi-national corporations and in country government officials to provide protection for the increased security concerns which exist throughout the Philippines.” 

IAC opened the 17,500 square feet Philippine plant in March of 2011 in the Subic Bay free trade zone.  The facility was initially opened to handle excess demand in the region as well as US Government contracts previously built in IAC’s Spain manufacturing facility.  The facility currently employs more than 30 employees and anticipates increasing that number by more than double with this contract. IAC has already located a second facility in the Philippines to handle increased demand of this contract and expected additional contracts.

“We are very pleased with the success of our Philippine operation” said Mark Burton, CEO and founder of International Armoring Corporation, parent of IAC Philippines, “The technicians have picked up the armoring skills required very quickly and have shown an incredible level of efficiency in producing these vehicles.  Together with the support of our Utah headquarters and the increased demand for in-country armored vehicles we anticipate great things from this facility.”

The Philippine plant is one of five plants IAC is currently operating worldwide.

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