Clark six-month exports surge 93% to $747 million
July 19, 2010 by Administrator
Filed under News
CLARK FREEPORT— Clark’s export significantly rose by 93 percent to $747 million during the first six months of the year with electronic products dominating shipments overseas.
The Clark Development Corporation (CDC) through the Enterprise Regulatory Department reported that for first semester, exports reached $747 million this year surpassing the $387 million exports value posted covering the same period last year.
ERD Manager Rod Deang in his report to CDC President Benigno N. Ricafort said that the targeted $1 billion worth of exports could be reached should manufacturers continue to post the same trend towards the second semester of the year.
The report indicated that the increase in exports volume could be credited due to strong showing of Nanox Philippines, Inc., a Japanese manufacturing firm engaged in producing liquid crystal display (LCD) with $493 million export value in the first semester or an increase of 59 percent from the same January to June 2009.
Yokohama Tire Phils., Inc., on the other hand, also contributed in the first semester as it placed second with $106million output–the output is almost the same export volume last year.
On a per sector basis, the electronics sector posted the highest exports at $522 million or 70 percent, followed by tires at 14 percent, garments at $73million at 10 percent of the total export volume during the first semester.
Other notable exporters in the first semester are L&T International Group Philippines, Inc.; L&K Industries Philippines, Inc.; SMK Electronics Corporation; among others.
Export industry in Clark has recently been noted by the Department of Trade and Industry to be one of the prime economic boosters in Central Luzon following a strong export last year that contributes to economic development.
The Central Luzon region usually ranks 3rd among the 16 regions including NCR in terms of export receipts due to the presence of a number of economic zones in Subic, Pampanga and Tarlac provinces. Rey Garcia
