ZamboEcoZone registers $694-M investments

San Ramon, Zamboanga City – The Zamboanga City Economic Zone and Freeport Authority (ZamboEcoZone) has registered a new high in export performance and investment during the first 11 months of this year.

Alfonso Basilio A. Marquez, information officer of ZamboEcoZone said that the zone has recorded US$ 4,793,282.81 in export value from January to November of 2014, as compared to US$3,567,255.92 during the same period last year, or a 34.37 percent increase.

Marquez said that records from the zone Enterprise Services Section   also indicated that investment in the zone has increased from  US$685,000,000.00 last year to US$694,674,878.24 this year.

Christopher Lawrence S. Arnuco, ZamboEcoZone Chair and administrator (CA) said the locators in the zone are now enjoying an uptrend in their export performance.

Jose J. Suan, ZamboEcoZone Director said the zone is now moving forward, as  export value index showed a significant increase during the  first 11 months of 2014 as compared to the figures of 2013 covering the same period.

Suan said that there are now more than 3,000 workers engaged by a  Japanese firm producing wigs for export to Japan and other countries, San Miguel Corporation-BMEGS that produces feeds for livestocks, Oriental Tin Can that supplies cans to canning factories, and  CTK Rubber Corporation exporting to South Korea.

Suan said the Japanese firm producing wigs has almost 1,000 laborers. “Wigs are very expensive. It costs like P30,000 each or depending on the style, quality and order by the buyers,” he said.

ZamboEcoZone is also helping the city government in generating income for the city and in providing livelihood to improve the quality of life of residents in the area.

The continuous rise in export value figures is being attributed to the excellent performances of two of the biggest exporting enterprises in the zone–Seachamp International Export Corporation (SEIC) and CTK Asia Rubber Corporation (CTK).

SEIC, a Filipino-owned export-oriented company is engaged in the processing, manufacturing and export of processed marine products, specifically Octopus and Silage Fish. SEIC exports its products to the USA, Thailand and Mexico.

The Korean owned CTK Rubber Corporation is engaged in the processing, manufacturing and export of technically specified natural rubber exclusively to South Korea. The processed rubber is primarily used in the production of rubber tires in Korea which, in turn, are being exported around the world.