Japanese firm expands Clark investment

CLARK FREEPORT, Pampanga, Philippines  – A leading Japanese semiconductor firm is spending P731 million to expand its manufacturing plant here.

Nanox Philippines Inc.’s expansion is expected to generate additional 1,000 jobs in the next five years.

Nanox is engaged in the assembly, production and trading of liquid crystal display (LCD) panels, chip on glass modules and fiber optic lenses.

The company is capable of producing four million LCD devices monthly.

It is the second top exporter among Clark investors.

Nanox’s export comprised 25 percent of the total annual export from this freeport.

It is located within the complex of the Clark Premiere Industrial Park.

Nanox signed a land lease agreement with the state-owned Clark Development Corp. for the 20-hectare expansion.

Katsushige Nakai, Nanox president and chief executive officer, said he was happy to do business and create more jobs at the freeport.

The company has 4,500 workers, mostly residents of Clark.