PIA Press Release
Sunday, January 29, 2012
Clark exports soar to record $3.9B in 2011by William L. Beltran
CLARK FREEPORT, Pampanga, Jan. 29 (PIA) -- The Clark Development Corporation (CDC) posted for its 2011 export statistics a staggering US$3.912 billion, a historical 161 percent increase from the state-owned firm’s US$1.453 billion record in 2010.
CDC President Felipe Antonio B. Remollo said the entry of Texas Instruments (TI) in 2010 “has remarkably contributed” to the export industry of this bustling Freeport with the US$1.53 billion it posted last year.
Remollo added that aside from TI’s contribution to the CDC’s 2011 exports statistics, at least $124 million in estimated service exports from the Freeport’s Information Communications Technology and Business Process Outsourcing (ICT-BPO) sector counted for the state-owned firm’s 161 percent-record increase.
The CDC president stressed that Clark’s export performance is equivalent to around 8.1 percent of the estimated total Philippine exports of 48.5 billion in 2011.
Remollo listed Clark’s top performing exporter-firms for 2011: TI, $1,530,164,426; Nanox Philippines, Inc., $791,064,999.14; Phoenix Semiconductor Philippines Corp., $566,091,472.48; Yokohama Tire Philippines, Inc. (YTPI), $298,059,468.72; L&T International Group Philippines, Inc., $145,104,643.34; and SMK Electronics (Phils) Corp., $98,493,605.67.
The top 5 exporting sectors of the Clark Freeport last year are as follows – Electronics, $3,103,885,248.18; Tires, $298,059,468.72; garments, $226,884,390.58; other manufacturing, $131,355,636.92; aviation-related, $13,246,818.88; and other sectors, $139,335,526.76 for a total of $3,912,767,090.04.
Relatedly, Clark’s employment statistics also posted a significant 6 percent growth of 64,055 workers last year compared to Clark’s 60,162-strong workforce in 2010.
“This is the highest level of employment generated at the Clark Freeport since the CDC’s inception in 1993,” Remollo said.
Remollo also announced that the CDC in 2011 has signed a total of 207 projects with a total committed investment of P22,974,896,271 that would provide a committed employment of 8,206 workers.
Among the major investments signed last year include YTPI, which committed to infuse P14,620,000,000 worth of investments and a committed employment of 3,000 workers; Hae O Rum Development Corp. (investment) P1,583,437,500, (employment) 30; SPT (Phil) Clark Corp. (investment) P285,000,000, (employment) 138; Bonsure Everrich International, Inc. (investment) P192,696000, (employment) 39; and Jamco Philippines, Inc. (investment) P171,000,000, (employment) 68.
Other notable projects and accomplishments achieved last year by the state-run CDC include the following: United Asia Automotive Group, Incorporated’s $35-million investment for assembly lines for Foton vehicles; the $40 to $50 million, state-of-the-art Philippine Academy for Aviation Training of Cebu Pacific Air and the Canadian aviation training firm CAE, whose groundbreaking rites was recently led by no less than President Benigno Simeon C. Aquino III on Jan. 24 here and a budget of over P3 billion allotted for various key infrastructure improvements inside the Clark Freeport. Remollo said some of the key projects completed, close to full completion, and on the pipeline are the Clark-Mexico Transmission Line Project (Phase 3A and 3B); security gates improvements for Clark’s Main Gate Entry Control Facility; and initial drainage improvements, among other projects. (WLB/CDC/PIA-3)