Chinese investors eye Hermosa ecozone

Published May 29, 2018, 10:00 PM

by Mario Casayuran and Vanne Elaine Terrazola

By Mar T. Supnad

Hermosa Economic Zone, Bataan – A group of Chinese investors is eyeing to pour in their investment into the Hermosa Economic Zone due its accessibility and the facilities inside it.

Mayor Antonio Joseph “Jopet” R. Inton said that he recently met with a delegation of a Hong Kong-Shanghai Investment Mission to the Philippines.

Inton participated in a project presentation held at the Shangrila Hotel at The Fort with Mr. Allan Tan, a major Chinese investor who is helping invite more Chinese investors to do and expand their businesses here.

Inton presented some of the advantages of doing business in Bataan particularly in Hermosa where the Hermosa Ecozone Industrial Park (163 hectares) is located.

Hermosa is strategically located and is accessible to Subic which is only 15 minutes drive via SCTex, and Clark Freeport, 25 minutes drive, the Freeport Area of Bataan, which is one hour away and the Port of Orion, which is 30 minutes away, and Lamao port.

Inton told the business delegation that the Hermosa Commercial and Light Industrial Zone has 132 hectares and the ICT Park 136 hectares but has more wide areas that are ready for expansion.

At present, there are almost 10,000 workers inside the Hermosa Ecozone working with major locators such as the Sumi Philippines Wiring Corporation, Bioteque Medical Phil. Inc., Orient Goldcrest Realty Inc., Bessup Inc., and PMG Prime Global Co. Inc.

The investment mission was a high-level investment delegation from Hong Kong and Shanghai which visited the Philippines recently.

They presented and discussed new business opportunities in tune with the growing intra-regional cooperation in Asia.

The mission aims to bridge investors and service providers from Hong Kong and Shanghai with project owners and investors from Manila and explore potential partnerships and business arrangements, especially on openings being presented by the Belt and Road initiative.

The initiative also promotes economic cooperation among countries along and beyond the Belt and Road routes to further market integration around the world.