Manila Water unit takes over as service provider for Laguna Technopark

Laguna AAA Water Corp. (LAWC), a joint venture between Manila Water and Laguna province, will be the exclusive water service provider for the Laguna Technopark, Manila Water disclosed Thursday.

 

In a regulatory filing, Ayala-led Manila Water said LAWC took over providing water in the industrial park on January 1. 

 

LAWC will provide water to at least 220 local and global firms engaged in the semiconductors and electronics, automotive, home appliance, and pharmaceutical industries.

 

LAWC signed an asset purchase agreement with Laguna Technopark, Inc. on Dec.27, 2013 for the acquisition of the water reticulation and sewerage system of the technopark including all assets and rights used in water service provision for P625 million. 

 

The acquisition covers areas that Laguna Technopark will expand to in the future.

 

"Through the transaction, the Manila Water group of companies will become the exclusive water service 

provider of the biggest and largest international manufacturers in the Asian region," Manila Water said in 

its disclosure. 

 

Laguna Technopark is a joint venture between Ayala Land, Inc and Mitsubishi Corporation. The 450-hectare industrial park is located in the towns of Sta. Rosa and Biñan. — JDS, GMA News