P1.2-B Investment In Industrial Gas

CLARK FREEPORT, Pampanga - The leading manufacturer and distributor of Liquid and Cylinder Air Products in the Philippines is set to infuse at least $30 million (around P1.2 billion) for the establishment of its new plant inside this premier Freeport.

The Clark Development Corporation (CDC) announced yesterday that Ingasco, Inc., a joint venture between Japan's Taiyo Nippon Sanso Corporation (TNSC) and Caloocan Gas Corporation (CGC), will establish and operate an air separation plant facility for the existing and future industrial, medical and specialty gases to provide the requirements of several firms.

The plan is also aimed at further supplying the growing needs for industrial gas of semiconductor companies inside Clark.

The company will lease 17,816 sq. meters of area on Panday Pira Avenue, here.

The firm has also agreed to stay in Clark for 25 years and hire 20 workers in its initial operations.

"In our vision at year 2015, Ingasco's tough position in the Philippines will always be a leading, most reliable and cost efficient solution provider in the industry with world's class quality standard. This vision has defended the company's leadership in industrial gas domestically, with statistical record of impressive growth in sales performance of the company," Ingasco said

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Nonviolent disciplining of kids pushed

    Child rights advocates called on senators to pass and strongly endorse a law that will institutionalize positive and nonviolent methods of disciplining children.The Child Rights Network (CRN), Plan International Philippines (PIP), Philippine Legislators’ Committee on Population and Development (PLPCD), and Lihok Pilipinas Foundation led the call for the enactment of the Positive Discipline Bill.Several Quezon City Council members led by Majority Floor Leader Jesus Manuel Suntay, Victor Ferrer …

  • Method to their madness

    [caption id="attachment_256768" align="alignright" width="212"] Illustration by Rod Cañalita[/caption] EMMANUEL PORTUGAL Country Manager for the Philippines, VMware I look after the garden. I’d like to think that I have a green thumb—no plants have died so far! The ones I like now that I planted a few months ago is the Blue Iris. Like the town in the movie, my Blue Iris shows up in the morning and only appears for one day. …

  • JGFP Summer Tour on today

    The summer tour for local junior golfers kicks off with the holding of the ICTSI-JGFP Baguio Junior Open today and tomorrow at the treacherous Baguio Country Club course in Baguio.Sixty players aged 6 to 17 years old are entered in the 36-hole tourney serving as the opening leg of the summer circuit organized by the Junior Golf Foundation of the Philippines with the International Container Terminal Services, Inc. Foundation as main sponsor. ... …

  • PH now market ready to absorb infra bonds

    The Philippine market is now ready to absorb infrastructure bonds that will be issued by private companies amid a growing pipeline of infra-related projects under the government’s Public-Private Partnership (PPP) program. President Benigno Aquino III last week said the government is still committed to spend more on the country’s infrastructure, with 16 PPP projects currently on the pipeline and nine that have already been awarded. Over the years, some of the country’s biggest infrastructure …

  • Filipinos are saving more – BSP survey

    More Filipinos have the extra cash to save for that proverbial rainy day, according to the Bangko Sentral ng Philippines (BSP). Based on a quarterly survey on consumer confidence, domestic households with savings have the means to increase family reserves and to bring up the amount to historical highs. The central bank said improved family income, a generally positive outlook on the economy, inflation and foreign exchange rates encouraged saving behavior during the first three months of 2015. …

  • AXA Philippines growing alongside its parent firm

    Philippine AXA Life Insurance Corp. is growing side by side with its parent firm, global insurance firm AXA, after posting significant growth in its total premium income amid an increasing market share in the country. A statement showed that in the Philippines, multi-billion firm AXA Group saw P18.35 billion in total premium income. The local entity of AXA, AXA Philippines is a joint venture between AXA Group and the Metrobank Group. In 2014, it saw an increase in market share to 11.6 …

  • End to traffic jam in sight? Japan to lend P4B to PHL for road projects

    The Japanese government will be providing some P4 billion to the Philippines for road projects aimed at decongesting monstrous jams in Metro Manila.Noriaki Niwa, chief representative of the Japan International Cooperation Agency (JICA), said the loan will cover major interchanges to address traffic congestion in Metro Manila, including flyovers, and road links.Among them are the interchanges on EDSA-Roosevelt/Congressional, EDSA-West/North, and C-5-Green Meadows and North/Mindanao Avenue. ... …

  • US won’t provide flexibility for countries interested in TPP

    Washington D.C.—The US government will not provide any flexibility for potential member countries, like the Philippines, in their bid to become part of the Trans-Pacific Partnership (TPP), a senior official said. Economic and Business Affairs Deputy Assistant Secretary William E. Craft, Jr., said all restrictions stated under the TPP trade deal will be maintained and have to be met by the current and future member countries. Earlier, the Department of Trade and Industry (DTI) said that the …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options