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Taiwanese firm invests P360M in Clark factory

/ 08:34 PM June 07, 2013

CLARK FREEPORT—State-owned Clark Development Corp.(CDC) has approved the operations here of Taiwanese garments company MSK Group Work Inc., which plans to invest an initial P360 million.

CDC president and chief executive officer Arthur Tugade said he signed the agreement after the CDC board of directors on May 10 cleared MSK’s expansion plan.

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In a statement, Tugade said MSK president Simon Su had invested in the Clark facility to complement the operations of its factories in the Subic Bay Freeport in Zambales and Luisita Industrial Park in Tarlac.

MSK plans to hire 1,360 workers in the first three years.

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According to CDC, one of MSK subsidiaries supplies belt buckles and leather goods’ metal hardware to brand-name companies like Nike, Coach, Hugo Boss and Tommy Hilfiger. It also makes Coach garments.

Tugade also announced that he had requested MSK to prioritize assistance to Aeta communities in its corporate social responsibility program.

Aetas live at the periphery of Clark, which their old folks claim was part of their ancestral domain until the United States, at the turn of the 20th century, occupied it as military baseland until 1991.

The government has converted Clark, as well as the former Subic Naval Base, into an economic zone.

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TAGS: Business, clark factory, Investments, Taiwan
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