Thursday, April 10, 2008 [ sunstar.com.ph ]
By Reynaldo G. Navales
CLARK FREEPORT -- The Clark Development Corporation (CDC) has announced that eight firms in the Freeport will be pouring in about P11.5 billion for their respective expansion projects.
In a press statement, CDC Marketing Department manager Raffy Galvez disclosed that industrial, electronics, tourism, and commercial firms here are implementing expansion projects with a combined amount of more than P11.5 billion.
Galvez said five of the eight firms are tourism and commercial-related, two are into electronic manufacturing, and an industrial firm.
"The employment potential of these expansion projects has a total of 4,765," Galvez said.
According to him, Clark's tourism thrusts would be propelled further as Widus International Leisure Inc. will spend P1.5 billion for the construction of another 5-Star hotel, casino, convention center, and water theme park.
The Fontana Development Corporation, on the other hand, will enhance its leisure park by building corporate housing and luxury villas, 1,000-room hotel, and expansion of its convention center for P1.5 billion.
Stotsenberg Leisure Park and Hotel Corporation will invest P500 million for the construction of its administration offices, warehouse, and drivers lounge.
Asialuxe Philippines Inc. will pour P200 million for the establishment of various housing and tourism projects inside the Freeport.
On the commercial front, Southeast Asia's mall giant -- Premier Central Inc. -- will embark on a P500-million expansion work for SM City Clark.
In the electronics and manufacturing industry, two Japanese firms have also embarked on similar endeavors. Nanox Philippines Inc. will pour in P150 million for its Liquid Crystal Display (LCD) manufacturing project, while SMK Electronics Philippines will spend P100 million for the manufacture of touch panel glass and similar devices.
On the other hand, Yokohama Tire Philippines Inc. is spending P7 billion for its expansion projects.
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