Agency Acquired P169-million for New Investment Projects

Clark Development Corporation (CDC) said that new agreements with total investments of over P169 million were signed before year-end.
In the Promotion Department business update submitted to CDC president Felipe Antonio B. Remollo, it was then unfold that the largest project was signed with the Australian Dental Health Laboratories Inc. (DHLI).
Remollo & DHLI director Mary Jane Fowler currently signed the lease agreement.
The firm, which makes a speciality of the manufacture of export-quality pharmaceutical products, will lay an amount of over P137 million for its manufacturing plant in Clark.
& while DHLI is still a new corporation, the CDC president said, its directors & officers have at least eight years of experience in the manufacture of similar products in the Philippines.
He also said that the firm is targeting to export its products to Pakistan, Indonesia, Europe, Australia, & the United States.
The construction work on the manufacturing plant is expected to be done by June next year.
Also signing an agreement with Clark is the Filipino-Korean firm Mugunghwa-Clark Inc., which will operate a P20-million restaurant, café, convenience store, memento shop, golf cart rental, golf tours & massage spa or wellness middle project.
The access of the Filipino-Korean firm in Clark was due to the incursion of Korean tourists visiting the former US-run Clark Air Base & its neighboring conditions.
The investment document also said InvesAsia Philippines Inc., a Hong Kong-based firm, signed a sub-agreement with Philexcel Business Park Inc., which will exclusively embark on in legal & general business transcription, IT support services & business technique outsourcing.
Aviva Global Foods Inc. has also signed a sublease agreement with Nice Logistics Business Park, which will engage in warehousing, storage, seller stock management & repacking of locally produced consumer goods for 100-percent export abroad.
Rizhane Foods Inc. has signed as well as a sublease agreement with SIA Engineering Philippines, which will open canteen project for the workers of the Singaporean firm inside the Clark Aviation complex.

Source: Suntar Pampanga