SBMA closes US$ 300M deal with top Chinese glass maker
Subic Bay Metropolitan Authority Administrator Armand C. Arreza has just arrived from China where he closed a US$ 300 million investment deal with the Hebei Jingniu Group, the biggest high-end glass manufacturer in China which is eyeing the Freeport as its distribution hub in Southeast Asia.
Hebei Jingniu plans to put up a production plant in the Subic Bay Freeport Zone, which is expected to generate some 6,000 new jobs from the construction period to its full operation.
"We can see its impact not only in employment but from the export standpoint as well," Arreza told PNA as soon as he reported to SBMA from his official trip to China with the top-level investment mission led by Trade and Industry Secretary Peter Favila.
During the construction period, the project will hire more than 3,000 skilled and non-skilled workers. Upon completion, the company will employ 2,000 operation workers and 1,000 administrative employees.
Jingniu produces a variety of float sheet glass, solar-control reflective glass and rolling crystallite glass. Its products are exported to more than 70 countries in Europe, Asia, the United States and Africa.
"For instance, the glass components of the high-rise buildings that you see in Makati - a lot of those are imported but now, it's going to be manufactured completely here in Subic," Arreza pointed out, adding that "they (Jingniu) want to use Subic as their base to export to the rest of Southeast Asia."
The Chinese glassmaker is sending a technical team to do soil tests and other technical studies at the possible plant sites after the Holy Week. Two sites have been identified in the Subic Gateway District near the Subic-Tipo expressway.
Jingniu needs more than 100 hectares of flat land to accommodate the facilities to be established for its Freeport operations, which include two online float coated glass lines, two high-tech rolling crystallite glass lines, a glass deep processing line and a crystallite glass deep processing line.
The SBMA CEO noted that the company is also planning to source its silica from the Philippines.
Jingniu is based in Hebei province in Northern China, near Beijing and Taijin. China is the country's sixth-largest source of foreign direct investments after the United States, Japan, Taiwan, Australia and Korea.
Jingniu is one of only three glass companies in the world that own patents to glass production - seven national patents for rolling crystallite glass and online solar control reflective glass. It is a pioneer in high-technology production of rolling crystallite glass and online float coated glass and has manufacturing and trading companies in Zimbabwe and Kenya. BALITA.PH
Hebei Jingniu plans to put up a production plant in the Subic Bay Freeport Zone, which is expected to generate some 6,000 new jobs from the construction period to its full operation.
"We can see its impact not only in employment but from the export standpoint as well," Arreza told PNA as soon as he reported to SBMA from his official trip to China with the top-level investment mission led by Trade and Industry Secretary Peter Favila.
During the construction period, the project will hire more than 3,000 skilled and non-skilled workers. Upon completion, the company will employ 2,000 operation workers and 1,000 administrative employees.
Jingniu produces a variety of float sheet glass, solar-control reflective glass and rolling crystallite glass. Its products are exported to more than 70 countries in Europe, Asia, the United States and Africa.
"For instance, the glass components of the high-rise buildings that you see in Makati - a lot of those are imported but now, it's going to be manufactured completely here in Subic," Arreza pointed out, adding that "they (Jingniu) want to use Subic as their base to export to the rest of Southeast Asia."
The Chinese glassmaker is sending a technical team to do soil tests and other technical studies at the possible plant sites after the Holy Week. Two sites have been identified in the Subic Gateway District near the Subic-Tipo expressway.
Jingniu needs more than 100 hectares of flat land to accommodate the facilities to be established for its Freeport operations, which include two online float coated glass lines, two high-tech rolling crystallite glass lines, a glass deep processing line and a crystallite glass deep processing line.
The SBMA CEO noted that the company is also planning to source its silica from the Philippines.
Jingniu is based in Hebei province in Northern China, near Beijing and Taijin. China is the country's sixth-largest source of foreign direct investments after the United States, Japan, Taiwan, Australia and Korea.
Jingniu is one of only three glass companies in the world that own patents to glass production - seven national patents for rolling crystallite glass and online solar control reflective glass. It is a pioneer in high-technology production of rolling crystallite glass and online float coated glass and has manufacturing and trading companies in Zimbabwe and Kenya. BALITA.PH
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