PIA Press Release
Saturday, January 07, 2012
5 new investment projects to pour P169M in Clarkby Eric V. Jimenez
CLARK FREEPORT, Pampanga, January 7 (PIA) -- Clark Development Corporation reported that five new agreements with total investments of more than P169 million were signed before the year-end.
In the Marketing Department business update submitted to CDC President Felipe Antonio B. Remollo, the biggest project that was signed in the month of November was the Australian dental laboratory project.
Dental Health Laboratories Inc. (DHLI), a new firm that specializes in the manufacture of export-quality pharmaceutical products will be putting up more than P137 million for its manufacturing plant in Clark.
Remollo and DHLI director Mary Jane J. Fowler signed the lease agreement where the medical products will all be exported.
Remollo said that while DHLI is a new corporation, its directors and officers have at least eight years in experience in the manufacture of similar products in the Philippines.
He added that the firm is targeting to export its products to Pakistan, Indonesia, Europe, Australia, and the United States.
Construction work on the manufacturing plant will be completed by June next year and will be ready for operations by that time.
Also signed an agreement with Clark is the Filipino-Korean firm Mugunghwa-Clark, Inc. which will operate a P20 million restaurant, café, convenience store, souvenir shop, golf cart rental, golf tours and massage spa or wellness center project.
The entry of the Filipino-Korean firm in Clark was due to the influx of Korean tourists visiting the former US-run Clark Air Base, and in its neighboring environs.
The investment report also said that InvesAsia Philippines, Inc., a Hong Kong based firm, signed a sub-agreement with Philexcel Business Park, Inc. which will engage in legal and general business transcription, IT support services and business process outsourcing.
Aviva Global Foods Inc. has also signed a sublease agreement with Nice Logistics Business Park which will engage for warehousing, storage, vendor inventory management and repacking of locally produced consumer goods for 100 percent export abroad.
Rizhane Foods, Inc. has signed also sublease agreement with SIA Engineering Philippines which will open canteen project for the employees of the Singaporean firm inside the Clark Aviation complex.
The new investments are expected to further spur economic growth in the area and will generate additional jobs for local residents. (WLB/EVJ CDC)