CIAC, CDC, Nanox sign MOA
- Source: http://punto.com.ph/News/Article/23064/Volume-9-No-6/Headlines/CIAC-CDC-Nanox-sign-MOA
- Thursday, July 23, 2015
- By Ashley Manabat
CLARK FREEPORT – Japanese computer parts maker Nanox Philippines Inc. (NPI) signed on Wednesday an historic memorandum of agreement (MOA) with the Clark International Airport Corp. (CIAC) and the Clark Development Corp. (CDC) paving the way for the expansion of the firm that will generate close to 1,000 jobs inside this freeport.
CIAC President-CEO Emigdio “Dino” Tanjuatco III, CDC President-CEO Arthur P. Tugade and NPI President-CEO Katsushige Nakai signed the “landmark MOA” at the CIAC Boardroom that also paved the way for CIAC and CDC “to become one family again.”
“This signing between CIAC, CDC and Nanox Philippines is very historical and momentous in the sense that this will be the first time that the whole family of Clark is in one room to sign a very important contract,” Tanjuatco said during his welcome remarks.
“In the not very far past we would not have this kind of arrangement where you put CDC and CIAC in a cordial and happy occasion. I am very thankful to the support and the undying cooperation of the CDC led by President Tugade in fulfilling that commitment to make Clark the number one Freeport Zone in the Philippines,” he added.
Tanjuatco also express his gratitude to the NPI led by Nakai for showing interest and support to the Clark Freeport. “Without your support Clark would be nothing and we will make sure that your stay here will be as comfortable and as happy as possible,” Tanjuatco told Nakai.
For his part, Tugade said the historic signing will generate 1,000 jobs for Clark Freeport, adding that “this momentous event will pave the way to attract more investments” not only in Clark but particularly at CIAC.
“Whatever good things happen at CIAC it will show a good example to CDC, whatever good things happen to CDC will show good effect with CIAC,” Tugade remarked.
Tugade also said “this is the first time that CIAC and CDC are working as one family to attract more investments inside Clark Freeport.”
On the other hand, Nakai said NPI will continue to support Clark especially in the development of the Clark international Airport.
“I am very happy to sign this contract and rest assured that Nanox Philippines will contribute to the development of Clark and the Clark Airport,” he said.
Nanox Philippines was established in 1999 and it remains as one of the top exporters in Clark.
The firm is involved in the manufacture of liquid crystal display (LCD) panels as well as small, thin and lightweight chip-on-glass (COG) modules.
Under the contract with CIAC and CDC, NPI will lease at least 60,000 square meters of land under a contract which can be renewed after 25 years.