SMC to build second industrial estate in Mandaue
Diversified conglomerate San Miguel Corporation (SMC) is planning to build its second industrial estate, this time in Mandaue City, Cebu, as part of its commitment to boost manufacturing activity in the country and generate employment outside the capital.
The project, which will be jointly undertaken with the City Council of Mandaue, will house a processed foods plant, feed mill and other manufacturing facilities. It will also have its own port terminal.
“We look forward to growing our presence in Mandaue City. This major development is an important part of San Miguel’s current expansion in key regions nationwide,” said SMC President and Chief Operating Officer Ramon S. Ang.
He added that, “our aim is to support and accelerate our country’s economic development by investing in strategic and emerging growth areas. With this investment, we hope to help accelerate the city’s and the region’s overall growth and bring more jobs to our countrymen here.”
Mandaue City Mayor Luigi Quisumbing and the City Council said they welcome the interest from SMC to invest in their city.
“It’s a strong validation of Mandaue City’s status as a premiere investment destination not just in Cebu and the Visayas, but the entire country,” Quisumbing said.
Last year, SMC put up a 2,000 hectare industrial estate in Davao which it expects to become one of the country’s premier investment hubs.
Dubbed the SMC Davao Industrial Estate, the PEZA-approved project is expected to attract private investments and, more importantly, generate employment and stimulate countryside development, said Ang.
The centerpiece of the investment is San Miguel subsidiary SMC Global Power Holdings Corporation’s brand new 600-megawatt power generation facility.
The power facility, seen to improve power security in the Mindanao region, will provide lower electricity rates to the zone and beyond.
The industrial estate will be open to potential investors and locators, and will also have, among other key advantages, an international port with a depth of up to 20 meters, and a private airport with a concrete runway.
SMC Davao Industrial Estate is also highly accessible via the Davao City and General Santos City international airports as well as the Davao seaport. It is also situated in a generally typhoon-free area near the equator.