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CLARK FREEPORT: Japanese investors dominate Clark Freeport, notes
Clark Development Corp. (CDC), the government’s estate managing
corporation for the zone.CDC reports that Japanese firms top its
list of foreign investors as of January 2008.
The report submitted to CDC President Levy P.
Laus by the CDC’s Marketing Department noted that out of the 66
foreign investors operating at the Clark Freeport, 35 companies are
run by Japanese.
Next to Japan, the report said, is the United
States with 25 companies followed by Korea with 17 companies. Taiwan
and Australia with 10 companies each complete the top five foreign
investors here.
While Koreans top the number of foreign tourists
here, Korean investors only rank third in the CDC’s top five list
of international locators.
Records also show that Japan ranks as the number
one top exporter for January this year. Nanox Philippines Inc. has
posted a total of $34.9 million in exports, followed by another
Japanese firm, Yokohama Tire Philippines Inc., which posted a total
of $18.3 million.
Included in the list are L&T International
Group Philippines, Inc. with $10.3 million; Rolls Royce Engine
Services Ltd. Inc., $4.6 million; and Smart Shirts (Philippines)
Inc., $3.3 million.
In its summary of companies according to
nationality, the CDC Marketing Department noted that Clark has 131
foreign firms, 453 local firms, and 148 foreign firms with local
equity for a total of 732 firms.
As of January this year, Laus said the CDC has
approved 732 investment projects, 203 of which are industrial
projects. At least 62 are housing projects followed by 184
service-oriented projects, and 107 commercial projects.
The CDC president also said the 732 projects
have a combined committed investment of P85.14 billion, which will
employ more than 90,000 workers within the next five years.
-- Mark Louie P. Roxas
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