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Swiss firm to invest P285M in Clark plant

By Ayen Infante
07/21/2011 [tribune.net.ph]

A Swiss-based tools maker plans to infuse P285 million for a manufacturing firm producing “chip bonding tools” to supply various semiconductors factories operating inside the Clark Freeport zone.

Clark Development Corp. (CDC) president Antonio Felipe Remollo said Switzerland-based Special Precision Tools (Philippines) Clark Corp. is expected to supply the needs of various firms including Texas Instrument Clark, Phoenix Semiconductor Philippine Corp., Siemens and other leading semiconductor firms in Clark.

The factory, designed by Normandy Architects Inc., will be established inside the Philexcel Business Part here and leasing a total land area of 4,872 square meters, Remollo said.

The agreement was signed between CDC president Remollo and SPT Clark president Peter Glutz.

Also witnessing the signing agreement were Heinz Wiechmer, SPT Project leader in Clark; Ian Packham, Philexcel general manager, and lawyer Jojo Hipolito, SPT’s special counsel.

SPT has manufacturing operation in Mandaluyong, Metro Manila, but recently decided to move and build a new facility and headquarters in Clark.
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