Cool Davao weather said to lure electronics firms
Subscribe Now December 12, 2013 at 02:19pm
"There are firms eyeing TRIAD (Three Ridges Integrated Area Development) sites in Toril district because of its cool weather, which can help them cut cost of production, particularly on electric consumption," said Gil M. Dureza, Board of Investments (BoI) -- Davao officer-in-charge.
TRIAD covers Barangays Catigan, Eden and Tagurano.
One such firm, Mr. Dureza said, is RNM Dynamics, which provides spare parts to semiconductor, electronics, telecommunications and automotive companies.
The company has facilities in Baguio, Clark, Manila and Cebu but is eyeing Davao as an alternative expansion area.
Mr. Dureza said RNM has also committed to bring in 25 electronics companies, most of them Japanese, to locate their component assembly plants in Davao. This will be through a roadshow in Cebu next year, where Davao will present its investment opportunities to the 25.
The discussions started even before the Visayas earthquake in mid-October. While the disaster is not the main reason for the companies to locate here, it has somehow hastened the decision to do so, the BoI-Davao official added.
Mr. Dureza said the demand for the products, that RNM produces is on the rise so there is an urgent need to look for an alternative expansion area. According to him, these companies are eyeing up to 40% in power cost savings once they set up their assembly plants in a cold area.
Meanwhile, Ivan C. Cortez, Davao City Investment Promotion Center chief, said Catigan in Toril is also the location of a five-hectare, P300-million integrated retirement facility to be developed by World Class Retirement Complex, Inc. (WCRCI).
The facility, to be known as Eagle’s View Mountain Resort & Residences, will include single detached villas, 180 condotel units, a sports complex, and a heated lap pool. It will also feature emergency room facilities and a rehabilitation center, four specialty restaurants and a mini-theater.
The Department of Tourism earlier commissioned the University of the Philippines’s Planning and Development Research Foundation, Inc. to create a tourism master plan for Mt. Apo, which included the TRIAD areas.
Catigan was identified in the plan as a "natural tourism zone", ideal for retirement villages and low-impact residential resorts.
California-based wellness club United Specialist Healthcare, Inc. is expected to market the retirement facility in the US. Meanwhile, WCRCI is partnering with the Japan Philippine Volunteers Association will tap the Japanese market.
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