• About Bataan
    • Directory
  • Video Presentations
  • References
  • Contact Us
    Logo Logo Logo Logo
    • Home
    • Engines of Growth
      • Hermosa Ecozone and Industrial Park
      • Subic Bay Freeport Zone
      • Philippine National Oil Company
      • Mt. Samat Shrine of Valor
      • Freeport Area of Bataan
      • Department of Defense Arsenal
      • Bataan Technological Park, Inc. (BTPI)
    • Business Ecosystem
    • Doing Business
      • Business Registration & Licensing Procedure
      • Negosyo Center
      • Cost of Doing Business
    • Investment Priority Areas
    • Local Investment & Incentive Codes
    • Public-Private Partnership
    LogoLogoLogoLogoLogo
    • Home
    • Engines of Growth
      • Hermosa Ecozone and Industrial Park
      • Subic Bay Freeport Zone
      • Philippine National Oil Company
      • Mt. Samat Shrine of Valor
      • Freeport Area of Bataan
      • Department of Defense Arsenal
      • Bataan Technological Park, Inc. (BTPI)
    • Business Ecosystem
    • Doing Business
      • Business Registration & Licensing Procedure
      • Negosyo Center
      • Cost of Doing Business
    • Investment Priority Areas
    • Local Investment & Incentive Codes
    • Public-Private Partnership
     
    Invest in Bataan / PNOC  / Bataan to develop Limay industrial estate
    06 Nov
    Share

    Bataan to develop Limay industrial estate

    RA 10516 maximizes the use of the land which has only accommodated 3 companies since 1995 due to its exclusivity to petrochemical plants.

    Reports said the park never achieved financial and commercial viability and incurred losses totaling P1.3 billion from 1997 to 2010.

    Acol said they would be able to complete the IRR next month.

    Garcia, author of the measure, said in a statement sent to Rappler that “the problem of the industrial park is its own charter which had allowed only petrochemical companies to operate.”

    “It was exacerbated by the low demand for petrochemical products, competition from other companies, and the huge capital needed for establishment and operation.”

    “This (expansion) is a calculated move that hopefully will entice more locators to the industrial park. Of course, more locators will spur economic activity in the area, create jobs, and reverse the losing condition of the park,” Garcia explained.

    “This law is the next big thing in Bataan. Very soon, energy companies and other industry players will locate in the PNOC industrial estate which means economic development for Bataan and additional jobs for the people of the province,” he added.

    Other top local officials attended the public consultation including incoming 2nd district representative Enrique Garcia Jr., re-elected 1st district representative Herminia Roman, and several town mayors.

    Source: http://www.rappler.com/business/industries/173-power-and-energy/30672-bataan-limay-industrial-estate

    In PNOC
    0 Comments
    No Comments

    Sorry, the comment form is closed at this time.