New Industrial Park in Batangas Eyes More than 100K Local Jobs

Lipa City | Science Park of the Philippines (SPPI) has been developing the LISP IV in Malvar Batangas since late 2013 and is already on 60% completion. Some companies have already started building production facilities and hiring is expected to start on the second half of 2015.

The Light Industry and Science Park IV is the biggest among all industrial parks developed by SPPI. With its 200-hectare industrial zone and 60-hectare residential and commercial land, the site will be both economic and tourist zone according to Trade Secretary Gregory Domingo.

Since the beginning of construction more than a year ago, more than 500 foreign investors have been to the site and expressed interest. Among possible tenants are America’s Apple, Intel, General Dynamics, Boeing, and Hewlett-Packard. Japan’s Lexus by Toyota, Nikon, and Sony are also among major possible tenants.

Related: 200 Japanese Companies to Relocate to PH from China

According to Guillermo Luchangco, CEO of SPPI, LISP IV could accommodate 40 to 50 manufacturing plants that can provide up-to 120,000 manufacturing and office jobs.

The 60-hectare commercial and residential zone can also provide an additional 10,000 jobs according to the developer.

The industrial zone will use two exits of Southern Tagalog Arterial Road. The north gate will be at Malvar Exit while the South gate will be at San Juan Exit, still in the town of Malvar.

The development of LISP IV could make the small town highly urbanized according to Domingo. Students who are still in college will benefit this development.

“Batangas province is already a home of four industrial parks providing more than 300,000 jobs. The addition of LISP IV will only push Batangas to one of the richest provinces in the Philippines,” Domingo said.

The SPPI Group is also the developer of the following economic zones:

178-hectare LISP I located in Cabuyao, Laguna65-hectare LISP II, in Calamba, Laguna109-hectare LISP III in Sto. Tomas, Batangas162-hectare Hermosa Economic Zone, in Hermosa, Bataan62-hectare Cebu Light Industrial Park in Mactan, Cebu

The LISP IV in Malvar will be the biggest among the Group‘s developed economic zones with 260 hectares of land.

/Lily Lopez/ Assisted Press Manila

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