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CDC, Korean firm sign deal for P72-M manufacturing plant

Wednesday, December 24, 2008 [ ]

CLARK FREEPORT: The Clark Development Corp. (CDC) and a Korean-based firm signed on December 19 a lease agreement for establishment of a manufacturing and assembly plant for medical equipment.

CDC President Benigno Ricafort signed the lease agreement with P&C International Co. Ltd. President Kim Yong Wook at the Manila Golf and Country Club Friday.

Ricafort said P&C International Co. Ltd. has invested P72 million for the establishment of a manufacturing/assembly facility for medical equipment including but not limited to plastic and cosmetic surgery.

He added that equipment to be manufactured or assembled inside the Clark Freeport would include multistation (autologus fat transplantation), RF surgical unit system NDF, RF muscle volume reduction NTF, and surgical diamond knife.

Ricafort said the company, whose facility will rise in an 8,720-square-meter area along JP Laurel Avenue and Bayanihan Street here, would employ some 45 employees on its first year of operation.

The CDC president also said P&C International is a Korean company that was established in 2003. It began as an importer of medical devices and subsequently obtained a patent for its product.

In 2007, Ricafort added, the company began research on biotechnology and medical devices and started in the manufacture of multistation for autologus fat transplantation.

P&C International has 10 branches in Korea with a head office in Seoul.-- Mark Louie Roxas


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