Pilipinas Hino, Inc. has changed its corporate name to Hino Motors Philippines Corporation (HMP) as they signed a new joint venture agreement with Japanese company Marubeni Corporation.

HMP and Marubeni Corp. forged a new joint venture agreement with their Filipino partners, increasing their equity to 70-percent and 20-percent respectively. According to HMP, this is a clear manifestation of all the investing partners' renewed confidence in the growing economy of the Philippines and the potential of the commercial vehicle market.

HMP is mainly engaged in the assembly and distribution of quality Hino trucks, buses, distribution of genuine Hino spare parts and supply of other automotive-related products and quality full maintenance after sales.

HMP adds that they are set to introduce new products, innovative services and its expanded “Total Support” activities. The company is also geared to improve its direct marketing operations by increasing its current 15 dealership network all over the Philippines.

Furthermore, HMP intends to strengthen its unique "One Stop Shop" operations with its own Body Manufacturing and its Maintenance Shop located in its facility in Canlubang, Calamba, Laguna.