Taiwanese firm invests P360M in Clark

MANILA, Philippines - A new garment factory is expected to open in Clark Freeport, Pampanga after a Taiwanese firm committed P360 million for the expansion of its operations in the economic zone.

Arthur P. Tugade, president and chief executive officer of the Clark Development Corporation (CDC) signed on Thursday the deal with MSK Group Work, Inc., headed by its President Simon Su.

The garment factory is expected to hire 1,360 employees for the first three years of its operations, Su said.

He added that the new firm in Clark will be in addition to the company's Subic Bay Freeport Zone and Luisita Industrial Park operations.

The CDC board of directors approved the company's expansion project on May 10.

MSK committed to repair the damaged slope projection along Creekside Road worth about P50 million and the construction of the road that would lead to the site.

The company supplies belt buckles and leather goods' metal parts to international brands that include Nike, Coach, Hugo Boss and Tommy Hilfiger. The firm also manufactures Coach garments for the United States.