8 Clark firms pour in P11.5B more
CLARK Freeport, Pampanga – Eight locators here will be pouring in P11.5 billion for various expansion projects this year, the Clark Development Corp. announced.
During the regular meeting of the Metro Clark Advisory Council, CDC Marketing Department manager Raffy Galvez reported that industrial, electronics, tourism and commercial firms have ongoing expansion projects with a combined investment of P11,535,350,000 billion.
Galvez said five of the eight firms are tourism and commercial-related, two are into electronics manufacturing and one industrial firm.
“The employment potential of these expansion projects,” Galvez added, “has a total of 4,765.”
Clark ’s tourism thrusts would be propelled further, Galvez said, as Widus International Leisure, Inc. will spend P1.5 billion for the construction of another five-star hotel, a casino, a convention center and a water theme park.
Also, Fontana Development Corp. will enhance its leisure park by building corporate housing and luxury villas, 1,000-room hotel, and expansion of its convention center for P1.5 billion.
Stotsenberg Leisure Park and Hotel Corp. will pour in P500 million for the construction of its administration offices, warehouse and drivers lounge. Similarly, Asialuxe Philippines, Inc. will pour in P200 million for the establishment of various housing and tourism projects inside the Clark Freeport.
On the commercial front, Southeast Asia ’s mall giant – Premier Central, Inc. – will embark on a P500-million expansion work for SM City Clark.
In the electronics and manufacturing industry, two Japanese firms have also embarked on big projects. Nanox Philippines, Inc. will pour in P150 million for its Liquid Crystal Display manufacturing project while SMK Electronics Philippines will spend P100 million for the manufacture of touch panel glass and similar devices.
Yokohama Tire Philippines, Inc. is the only firm that will be spending the most for its expansion project with P7 billion. By: Bernard Galang - Journal online
During the regular meeting of the Metro Clark Advisory Council, CDC Marketing Department manager Raffy Galvez reported that industrial, electronics, tourism and commercial firms have ongoing expansion projects with a combined investment of P11,535,350,000 billion.
Galvez said five of the eight firms are tourism and commercial-related, two are into electronics manufacturing and one industrial firm.
“The employment potential of these expansion projects,” Galvez added, “has a total of 4,765.”
Clark ’s tourism thrusts would be propelled further, Galvez said, as Widus International Leisure, Inc. will spend P1.5 billion for the construction of another five-star hotel, a casino, a convention center and a water theme park.
Also, Fontana Development Corp. will enhance its leisure park by building corporate housing and luxury villas, 1,000-room hotel, and expansion of its convention center for P1.5 billion.
Stotsenberg Leisure Park and Hotel Corp. will pour in P500 million for the construction of its administration offices, warehouse and drivers lounge. Similarly, Asialuxe Philippines, Inc. will pour in P200 million for the establishment of various housing and tourism projects inside the Clark Freeport.
On the commercial front, Southeast Asia ’s mall giant – Premier Central, Inc. – will embark on a P500-million expansion work for SM City Clark.
In the electronics and manufacturing industry, two Japanese firms have also embarked on big projects. Nanox Philippines, Inc. will pour in P150 million for its Liquid Crystal Display manufacturing project while SMK Electronics Philippines will spend P100 million for the manufacture of touch panel glass and similar devices.
Yokohama Tire Philippines, Inc. is the only firm that will be spending the most for its expansion project with P7 billion. By: Bernard Galang - Journal online
Labels: clark, investments
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