A Taiwanese firm will invest P 360 million (US$ 8.5 million) to set up its third project, a new garment manufacturing unit, in the Clark Freeport area of Pampanga province of the Philippines.
Taiwan’s MSK Group Work, Inc. has signed a deal with the Clark Development Corporation (CDC) in this regard, after the board of directors of CDC approved the project last month.
The new garment manufacturing unit will generate employment for around 1,360 workers within the first three years of being operational, Arthur P. Tugade, president of CDC, said at the signing ceremony.
In addition to the Freeport Zone project, the Taiwanese firm has promised to invest P 50 million (US$ 1.19 million) for the reconstruction of the slope projection and other modes of transportation in the Freeport region.
MSK has also agreed to train local Filipinos in garment stitching, as part of its Corporate Social Responsibility, and would later on employ them at its manufacturing unit.
The MSK is a Taiwan-based group which manufactures for the US-based Coach Garments. It has two apparel manufacturing units in the Philippines—one each at Subic Bay Freeport Zone and Luisita Industrial Park—that are already operational.
