7 investors cited in 1st CDC recognition awards

CLARK FREEPORT, Pampanga, Philippines – Seven investors in this freeport were given “awards of excellence” during the first “Clark freeport recognition” awards sponsored by Clark Development Corp. (CDC).

CDC president and chief executive officer Benigno Ricafort said the award was launched “to recognize the valuable economic, social, development contributions as well as the notable business and people management practices and successes of Clark Freeport locators.”

Texas Instruments (TI), which is investing some $1.5 billion here, received the “outstanding new investor award,” Ricafort said.

Ricafort said the CDC chose to award the “outstanding recognition for overall performance” to three firms, namely, L&T International Group Philippines, Nanox Philippines, Inc. and Yokohaman Tire Philippines, Inc.

He said the three firms were cited as the biggest contributor to CDC revenues.

Three other firms were cited – Smart Shirts for outstanding employment performance and human resources, Poongsan Microtech (Philippines) Inc. for outstanding investment performance, and Clark Water Corp. for outstanding environmental, health and safety management.

Ricafort said the outstanding employment performance and human resource management award is in recognition of exceptional achievement in the generation of quality employment and human resources and industrial relations.

The award for excellence in environmental, health and safety management recognizes the awardee’s “consistent achievement in environmental compliance and exceptional initiatives in health and safety management.”

Ricafort said TI’s new assembly and test facility is now fully operational here and is “ramping production with the latest packaging technologies.”

“The facility will enable the company to assemble and deliver its analog and embedded processing chips more rapidly to customers,” the CDC said.

Ricafort said the CDC’s recognition awards “aim to recognize distinct enterprises inside the Clark Freeport which have objectively displayed management and leadership excellence in relevant areas or categories consistent and supportive of CDC’s vision and mission for Clark.”