23 May 2025
BYD Philippines opens Subic branch
19 October 2019
Taiwanese firm to develop P15-B techno-eco park in Subic Freeport
The first eco-friendly industrial park will be up soon in this free port to house light industrial factories, commercial facilities, residential buildings, and a nature park.
Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T. Eisma said the project to be called the Tipo Hightech Eco Park (THEP) will be located in a 200-hectare property atop the gently rolling hills of Tipo, which is also the site of an expressway leading to this free port.
Eisma said the development will be undertaken by Xantheng Subic International Corp., a Taiwanese company which committed an investment of P15 billion for the project. The firm is also behind the development of a high-end condominium complex at Triboa Bay here.
According to THEP Project Manager Jeff Lin, Xantheng Subic’s project will generate a workforce demand of over 500 during the development period alone. More employees will be hired when factories and business start operating, he added.
Meanwhile, the project is also expected to deliver to the SBMA some P5 million monthly in land rentals alone.
During the launch of the THEP project held at Peninsular Hotel here last week, Chairman Eisma elicited a promise from the investors to give priority hiring to qualified upland farmers of Tipo and Mabiga villages, who were part of a “social fencing” project of the SBMA which started in 2002. The 136.59 hectares they occupied under the SBMA program will be part of the THEP.
“I want you to promise me that when the factories and business are up, you will give priority to hiring these families or their children,” Eisma said, referring to the 65 families who were part of the social fencing program.
The SBMA official also thanked the farmers for their cooperation, and for allowing a very smooth and pleasant negotiation and turn-over.
Lin said the THEP was conceived to accommodate the growing population of Taiwanese investors in the Subic Bay Freeport. However, the management does not discount giving room for other nationalities, he said.
“The business atmosphere in here is very conducive and attractive, especially with the on-going road and infrastructure projects of the SBMA. Many Taiwanese companies and investors from other countries, too, are interested to locate here,” Lin said.
According to the master plan submitted by THEP to SBMA, the development will include 101.47 hectares for light industries, 17.99 hectares for a commercial complex, 7.11 hectares for mixed use, 23.16 hectares for residential buildings, and 23.16 for a nature and environment conservation park.
There will also be a reserved area for utilities use and other purposes for a total development area of 209.27 hectares.
Eisma also congratulated Xantheng for coming up with the idea of an industrial park which will incorporate environmental conservation.
Eisma said this will be a first of its kind to be implemented in the Subic Bay Freeport. (CAE/MPD-SBMA)
PHOTOS:
[2] THEP Project Manager Jeff Lin explains the benefits of the project during the launching of the Tipo Hightech Eco Park (THEP) on October 9.
[1] SBMA Chairman and Administrator Wilma T. Eisma asks investors to employ Subic upland farmers during the development of the Tipo Hightech Eco Park (THEP).
17 July 2014
Phil’s Subic Shipyard holds a naming ceremony for five container carriers at the same time
HHIC-Phil’s Subic Shipyard made history again in the world’s shipbuilding industry by holding a naming ceremony for five vessels at the same time, the company said in its press release.
Around the globe, it is very rare to hold a naming ceremony for five vessels at a time. In Korea, a large shipyard once held a naming ceremony for four ships at the same time. In fact, Hyundai Heavy Industries set the world record by holding a naming ceremony for five vessels at a time in March.
HHIC-Phil’s Subic Shipyard finally held a naming ceremony for five vessels at the same time for the second time in the world and for the first time in the Philippines.
The five vessels are eco-friendly 5,400TEU container carriers ordered by the global investor ‘Oaktree Capital Management’. They were named ‘Wide Alpha’, ‘Wide Bravo’, ‘Wide Charlie’, ‘Wide Delta’ and ‘Wide Echo’.
The naming ceremony was held with the attendance of nearly 200 related officials and investors including Ahn Jin-gyu, President of Subic Shipyard, and Andrea Cramer, Vice President of Oaktree. At the ceremony, President Ahn said, “We are very pleased to go with renowned investors such as Oaktree.” He added, “We are going to keep moving forward to enhance our competence and maximize customer satisfaction with high-tech, environment-friendly vessels”.
HHIC-Phil’s Subic Shipyard is a large-scale shipyard built in the Subic Free Economic Zone (3,000,000㎡) in the Philippines in 2009. It has strengthened its ground as a leading exporter since its establishment through promotion of related industries, job creation and contribution to a local society.
In particular, it entered the world's top 10 for the first time last month, displaying a sharp growth. This year, it has already won the bids to build 300,000TEU Very Large Crude Carriers (VLCCs) and very large container ships (more than 10,000 TEU). The global shipbuilder has already booked enough advance orders for three years of production (approx. US 3.2 billion dollars, 50 ships).
An official from HHIC-Phil’s Subic Shipyard said, “Subic Shipyard targets to leap into the world’s leading shipbuilder by maximizing the efficiency of its production system through the establishment of a systematic two-track system which means that Subic Shipyard specializes in the production of large vessels and offshore plants while Yeongdo Dockyard focuses on mid-size and special-purpose vessels”. (PortNews)
http://en.portnews.ru/news/183631/



