posted May 13, 2016 at
11:30 pm by Othel V. Campos [thestandard.com.ph]
Science Park of the
Philippines Inc., a unit of Investment and Capital Corporation of the
Philippines, is developing a P3-billion industrial park in Malvar, Batangas
province, its fourth in the south.
ICCP chairman and chief
executive Guillermo Luchangco said the company received the go-signal from
Malacañang through a proclamation order to develop Light Industry and Science
Park IV, LISP IV, in Batangas.
“We’re opening up another
in Malvar [Batangas]. Both the Trade Department and Peza [Philippine Economic
Zone Authority] said there is a shortage in industrial spaces for locators.
Good thing we just received the approval,” he said at the sidelines of launch
of the Philippines Report 2016 by the Oxford Business Group.
ICCP is actively pursuing
more industrial parks in the Philippines to lure foreign investors who wanted
to put up manufacturing businesses in the country.
Luchangco cited a renewed
interest from European investors as well as Americans to set up manufacturing
operations here. Japanese and Taiwanese companies were also keen on doing
business here.
“There is a long line
waiting for us to get proclaimed. Right after the approval, we already signed
12 hectares,” he said.
LISP IV covers about 200
hectares and another 40 to 50 hectares of combined residential and commercial
spaces.
LISP IV is strategically
located along the Southern Tagalog Arterial Road, providing convenient access
from Metro Manila’s commercial business district. It is 35 kilometers away from
Batangas international seaport.
The industrial park has
ready access to amenities and the necessary infrastructure in place for
manufacturing operations.
ICCP is also interested in
establishing another industrial estate within two years.
Luchangco said the company
was looking at the best site for a fifth industrial park possibly in Visayas or
Mindanao.
The development of LISP IV
is expected to make SPPI the biggest developer of industrial estates with
combined area of more than 800 hectares.
SPPI developed the first
LISP in Cabuyao, Laguna in 1991. LISP II operates in Calamba, Laguna while LISP III is in
Sto.Tomas Batangas.
“Calabarzon [Cavite,
Laguna, Batangas, Rizal, Quezon] is a favorite [investment hub] among
investors. Most of them prefer to set up businesses in these areas probably
because of its proximity to Manila,” said Luchangco.
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