Clark Freeport takes in two new companies 

State-run Clark Development Corp. (CDC) said two new companies–one engaged in lighting, the other an online tutorial service–have decided to invest in Clark Freeport Zone in Pampanga.

 

CDC chairman and officer in charge Eduardo Oban Jr. said on Friday that Clark Development signed lease agreements with Venzon Manufacturing Corp. and NClub Inc.

 

Oban said Venzon Manufacturing will invest P254 million to establish a manufacturing facility for decorative lighting. The company will export its products and likewise distribute these to the local market. He said the company would employ up to 400 workers.

 

NClub Inc., a Korean company specializing in Internet and English tutorial services, will provide “fast and reliable” Internet services. The company will also operate an English Call Center that will offer English tutorial to Koreans through Voice over Internet Protocol.

 

Oban said NClub will invest $111,052 during its first year of operations and would employ some 60 workers. 

 

Meanwhile, the state agency said the semiconductor and electronics sector had the most number of export volume in Clark Freeport in the first two months of the year, growing to over $594.2 million from $244.3 million a year earlier. 

 

South Korea’s Phoenix Semiconductor Philippines Corp. held the No. 1 position in January with an export volume of more than $102.1 million. Phoenix is one of the biggest locators inside the free port with committed investments of more than $1 billion.

 

Japanese firm Nanox Philippines Inc. came second in January with more than $72.9 million in export volume.

 

But Nanox topped in exports volume in February with more than $118 million. Phoenix fell to No. 2 in the same month with $96 million. —With Jon Lindley Agustin/VS, GMA News