PEZA moves to ensure Hanjin expansion
THE Philippine economic zones administrator and the Subic Bay Metropolitan Authority (SBMA) are in talks over allowing a Korean shipbuilder to expand its facilities in the Subic Bay Freeport.
The Philippine Economic Zones Authority (PEZA) chief, Lilia de Lima, said the agency may declare parts of the Hanjin Heavy Industries and Construction of Korea that fall outside of SBMA as a special zone in response to the request of SBMA.
Armand C. Arreza, SBMA administrator and chief executive officer, had approached PEZA to declare the idle land next to Hanjin’s expansion facility as a special zone as it falls outside the free port operator’s jurisdiction.
De Lima sounded amenable to the plan, telling The Manila Times that they are looking into ways to lend the SBMA a helping hand.
“Suppliers [to Hanjin] want to be close to them [the expansion facility], so I think it’s best that we look at how we can make that happen,” she said.
Hanjin earlier expressed its intention to invest $1 billion in the construction of additional facilities for its local operations, including a training center and water-treatment facility.
Arreza said Hanjin’s facility would eventually occupy 500 hectares in the Redondo district.
“Hanjin’s expansion is for approval of the SBMA board. This additional area would house the company’s support facilities, including the training center and the water-treatment substation,” he said.
Arreza related that Hanjin has decided to undertake the expansion in two phases, with the first phase covering approximately 240 hectares slated for completion in 2011, and the second phase covering 150 hectares, a total of which falls short of Hanjin’s overall expansion quote.
Arreza said the ship maker already has 12 orders of ship vessels, with the first ship to be delivered by 2008. Because of the orders, the company needs some 3,000 welders and is in fact hiring 200 new welders each month.
The project is projected to generate at least 15,000 new direct jobs for workers in Subic.
Hanjin, the fifth-largest shipbuilder in South Korea, said its investment in Subic is part of its global strategy for competitiveness in the shipbuilding industry by expanding its operations overseas.
--Rafael S. Santos -- Manila Times
The Philippine Economic Zones Authority (PEZA) chief, Lilia de Lima, said the agency may declare parts of the Hanjin Heavy Industries and Construction of Korea that fall outside of SBMA as a special zone in response to the request of SBMA.
Armand C. Arreza, SBMA administrator and chief executive officer, had approached PEZA to declare the idle land next to Hanjin’s expansion facility as a special zone as it falls outside the free port operator’s jurisdiction.
De Lima sounded amenable to the plan, telling The Manila Times that they are looking into ways to lend the SBMA a helping hand.
“Suppliers [to Hanjin] want to be close to them [the expansion facility], so I think it’s best that we look at how we can make that happen,” she said.
Hanjin earlier expressed its intention to invest $1 billion in the construction of additional facilities for its local operations, including a training center and water-treatment facility.
Arreza said Hanjin’s facility would eventually occupy 500 hectares in the Redondo district.
“Hanjin’s expansion is for approval of the SBMA board. This additional area would house the company’s support facilities, including the training center and the water-treatment substation,” he said.
Arreza related that Hanjin has decided to undertake the expansion in two phases, with the first phase covering approximately 240 hectares slated for completion in 2011, and the second phase covering 150 hectares, a total of which falls short of Hanjin’s overall expansion quote.
Arreza said the ship maker already has 12 orders of ship vessels, with the first ship to be delivered by 2008. Because of the orders, the company needs some 3,000 welders and is in fact hiring 200 new welders each month.
The project is projected to generate at least 15,000 new direct jobs for workers in Subic.
Hanjin, the fifth-largest shipbuilder in South Korea, said its investment in Subic is part of its global strategy for competitiveness in the shipbuilding industry by expanding its operations overseas.
--Rafael S. Santos -- Manila Times
posted by OlongapoCity Zambales at
2:41 PM
0 Comments:
Post a Comment
<< Home