CDC forges agreement with Taiwanese manufacturing firm
January 19, 2011
CLARK FREEPORT – The Clark Development Corporation (CDC) has forged an agreement with a Taiwanese firm for the establishment of a manufacturing plant which will produce various valves, flanges, pipes, fittings, and other metal accessories for export.
CDC president Benigno N. Ricafort signed a lease agreement with Haitima Clark Corporation president Shen Ming-Show and the company’s general manager Chen Chun-Fu last Monday at the CDC Corporate Headquarters.
According to the CDC, Haitima is initially investing $25 million for its first year of operations which is expected to generate jobs for 150 employees.
The CDC added that the manufacturing plant will be built in a 15,000-square meter lot along the Manuel A. Roxas Highway near the Bureau of Customs (BoC) Clark office. (By Reynaldo G. Navales)
Source:http://www.sunstar.com.ph/pampanga/business/cdc-forges-agreement-taiwanese-manufacturing-firm
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