Firm to infuse P350M in Clark
- Source:http://www.sunstar.com.ph/pampanga/local-news/2016/03/30/firm-infuse-p350m-clark-465148
- Wednesday, March 30, 2016
- By Reynaldo G. Navales
CLARK FREEPORT -- A Filipino-Taiwanese firm is set to establish P350-million warehouse project inside the Freeport.
The MSK Group Work Clark Incorporated (MSK) on Monday signed a lease agreement with Clark Development Corporation (CDC) for a 3.19-hectare property here as part of its 3-year expansion plans.
MSK has been a registered locator here since 2012.
The agreement was signed between CDC President Arthur P. Tugade and MSK President Su Kuo Fang at the Xenia Hotel here.
Also present during the agreement signing were Coronation Premium Manufacturing Inc. (CPMI) General Manager Jacky Chuang and CPMI Factory Director Steven Lin.
MSK will construct the warehouses and factories for its customers that are mostly engaged into manufacturing.
The MSK Group has over 12 hectares of development in Subic for warehousing facilities and housing as well as various development projects in Manila and South of Luzon.
Kelly Uy, general manager of MSK Clark, said they will also expand operations on their new area which is the former site of furniture maker Golden Cane along Jose Abad corner Manuggal Streets here.
CPMI is one of the biggest manufacturers of top brand shoes in the world.
With CPMI’s extensive supply chain, a number of its suppliers have already proposed to locate in Clark soon.
At present, MSK Group Work Inc. employs 150 workers while CPMI has about 1,000 employees.
MSK is expected to hire additional 1,000 in the next five years.