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THREE NEW economic zones are being developed to provide additional areas for manufacturing firms, the head of the Philippine Economic Zone Authority (PEZA) said yesterday.
"These have been approved and will be for manufacturing companies to locate in," said PEZA Director-General Lilia B. de Lima at the sidelines of a Makati Business Club/Management Association of the Philippines meeting.
A 250-hectare area near Rosario, Cavite is being developed by Megaworld Corp. in partnership with the Remulla family for P1.1 billion while AG&P Co., Inc., an engineering firm, is developing a 46-hectare area in Batangas for its and its suppliers’ exclusive use.
There is also a 33-hectare area in San Jose del Monte, Bulacan but Ms. de Lima did not say which firm is spearheading its development.
The three economic zones are expected to be ready for locators next year.
Ms. de Lima added other areas are being developed into economic zones.
PEZA has said more economic zones, particularly in areas like Cavite, which is accessible from Metro Manila, are needed to draw more investors.
Ms. De Lima also said that Brother Industries Ltd. wants to expand its facility in Batangas.
"They will have two new projects amounting to about P5 billion so even if they have not yet finished their first facility they are already thinking of expanding," said Ms. De Lima.
Japanese firm Brother Industries was approved as a PEZA locator in Jan. It started building its P20-billion printer manufacturing facility that month; the printers will be exported to other Southeast Asian countries. -- ENJD
A 250-hectare area near Rosario, Cavite is being developed by Megaworld Corp. in partnership with the Remulla family for P1.1 billion while AG&P Co., Inc., an engineering firm, is developing a 46-hectare area in Batangas for its and its suppliers’ exclusive use.
There is also a 33-hectare area in San Jose del Monte, Bulacan but Ms. de Lima did not say which firm is spearheading its development.
The three economic zones are expected to be ready for locators next year.
Ms. de Lima added other areas are being developed into economic zones.
PEZA has said more economic zones, particularly in areas like Cavite, which is accessible from Metro Manila, are needed to draw more investors.
Ms. De Lima also said that Brother Industries Ltd. wants to expand its facility in Batangas.
"They will have two new projects amounting to about P5 billion so even if they have not yet finished their first facility they are already thinking of expanding," said Ms. De Lima.
Japanese firm Brother Industries was approved as a PEZA locator in Jan. It started building its P20-billion printer manufacturing facility that month; the printers will be exported to other Southeast Asian countries. -- ENJD
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