Home / Knowledge / News / Apparel/Garments / Taiwanese firm to set up new garment unit in Philippines
Taiwanese firm to set up new garment unit in Philippines
08
Jun '13
A Taiwanese firm will invest P 360 million (US$ 8.5 million) to set up its third project, a new garment manufacturing unit, in the Clark Freeport area of Pampanga province of the Philippines.

Taiwan’s MSK Group Work, Inc. has signed a deal with the Clark Development Corporation (CDC) in this regard, after the board of directors of CDC approved the project last month.

The new garment manufacturing unit will generate employment for around 1,360 workers within the first three years of being operational, Arthur P. Tugade, president of CDC, said at the signing ceremony.

In addition to the Freeport Zone project, the Taiwanese firm has promised to invest P 50 million (US$ 1.19 million) for the reconstruction of the slope projection and other modes of transportation in the Freeport region.

MSK has also agreed to train local Filipinos in garment stitching, as part of its Corporate Social Responsibility, and would later on employ them at its manufacturing unit.

The MSK is a Taiwan-based group which manufactures for the US-based Coach Garments. It has two apparel manufacturing units in the Philippines—one each at Subic Bay Freeport Zone and Luisita Industrial Park—that are already operational.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Bangladesh Bank

Apparel/Garments | On 22nd May 2018

Bangladesh Bank enhances EDF loan limit to $25 million

Bangladesh Bank has enhanced the loan limit under Export Development...

Sri Lanka's textile imports up 32.5% in February 2018

Textiles | On 22nd May 2018

Sri Lanka's textile imports up 32.5% in February 2018

In what might be an indication of higher exports in the coming...

Polyester yarn price surge affects Surat textile industry

Textiles | On 22nd May 2018

Polyester yarn price surge affects Surat textile industry

The prices of polyester yarn have increased about 12-15 per cent in...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search