Export volume inside this Freeport continues to be attractive as top exports show increase in number compared to the same period in January and February last year.
In the business updates from the CDC’s Marketing Department, the export volume in the first two months this year have already reached more than $594.2 million.
In the business update present to Clark Development Corporation Chair and Officer-in-Charge Eduardo Oban Jr., on January this year Korean firm held the number position following export volume of more than $102.1 million of Phoenix Semiconductor Philippines Corp. (PSPC).
PSPC is also a semiconductor firm with more than $1billion committed investments inside the Freeport zone.
Vibrant commercial and industrial activities inside the Clark Freeport has steadily changed Central Luzon’s economic landscape following a surge in investments, exports, and employment generation 19 years since its inception in 1993.
In celebration of its 19th anniversary on April 13, the CDC looks back at its colossal makeover from a United States military installation into bustling Freeport by highlighting achievements that had created a positive impression on both the local and national economy.
Unprecedented export record
Because of the growing business confidence of locators and investors inside here, Clark is one among the economic zones in the country to benefit from the influx of new business and increase in expansion programs by big ticket local and international companies.
In 2011, the CDC earned a staggering $3.912 billion in exports - a historical 161 percent increase from the state-owned firm’s US$1.453 billion record in 2010 due to impressive performances of its locators and investors.
According to the CDC, the entry of Texas Instruments (TI) in 2010 made a remarkable contribution to the export industry of this bustling Freeport with the $1.53 billion it posted last year.