Exports from Clark doubled to $2.2B in 2011

CLARK FREEPORT—Exports from enterprises in this freeport, a former American military air base, reached $2.258 billion in 2011,

representing a 55-percent increase from the $1.453-billion volume in 2010, the president of the Clark Development Corp. (CDC) said.

Clark reached this export growth despite the slump in markets overseas because of the strength of the electronics sector that accounted for $1.573 billion in total exports, CDC president Felipe Antonio Remollo said on Thursday.

Tires shipped out from Clark amounted to $298 million and garments, $226 million.

Other manufacturing companies and aviation-related firms exported goods worth $131 million and $13 million, respectively.

The exports volume in 2011 indicated that the CDC was ahead by three years in terms of target, Remollo said.

The other performance aims are $3 billion in investments and 100,000 jobs by 2014.

CDC records showed that Nanox Philippines remained as Clark’s lead exporter, producing electronics worth $791 million.

The Korean company Phoenix Semiconductor Philippines Corp., which began operations in Clark in January 2010, exported over $566 million worth of electronic parts.

The Japanese firm Yokohama Tires Philippines slid to third, but the value of its export products rose by 31 percent to $298 million.

The other top exports were L&T International ($145 million), SMK Electronic ($98 million) and HLD Clark Steel Pipe ($71 million).