US investor plans IT plant in Davao

Subscribe Now September 10, 2012 at 11:52am

An American investor is planning to build a plant that would manufacture information technology-support products in joint venture with local partners. Erriberto P. Barriga, Jr., executive vice-president of ICT (information and communications technology) Council-Davao, said his group is helping the investor look for a five- to 10-hectare property for the planned manufacturing facility.

“Initially, I think the initial investment could easily be around P20 to P30 million,” he said, adding he could not yet reveal the name of the investor until an agreement has been finalized.

He also declined to reveal details of the products to be manufactured here without the go signal from the investor. But he did say that the company, headquartered in Washington, D.C., has been looking all around Asia for a location.

The Business Process Association of the Philippines (BPAP) contacted the Davao ICT Council and introduced the investor to its officials for a presentation. The investor is a major shareholder of a contact center company based in Manila and a member of BPAP.

Mr. Barriga said that since then, the project proponent has visited the city twice and has been in constant communication with local officials.

He said the manufacturer will meet with possible local partners next month.

“I have two or three companies here who are willing to enter into a partnership (with the manufacturer),” he said. But what he is most excited about is the plan of the company to also build a facility for abused women. He said one of his requirements is that a facility for abused women be located within the compound.

Apparently the priority in hiring workers for the plant would be women who were victims of abuse. “The business will not only inspire abused women but also empower them,” Mr. Barriga said.

Source: bworldonline.com



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