CDO business group wants $300-M glass factory to locate in Phividec

The Cagayan de Oro Chamber of Commerce and Industry wanted the Heibi Jingnu Glass Company Ltd. to put up a plant at the Phividec Industrial Estate in the towns of Villanueva and Tagoloan in Misamis Oriental.

Heibi Jingnu is reportedly looking for a suitable location for plant in the Philippines and is planning to invest $300 million.It was not clear, however, if the firm will bring in all the needed capital or borrow part of it from local banks.

In a resolution inviting the China-based firm, Oro Chamber cited the area’s advantages in terms of location and support amenities that can be provided by this city.

“Phividec Industrial Estate can adequately provide a suitable area for such project located along a deep shoreline and is very proximate to Mindanao International Container Terminal, the biggest international port in Mindanao which is also located in the Estate,” the resolution said.

The resolution also said Mayor Vicente Emano has “strongly expressed support for the establishment of such a project at the Phividec Industrial Estate and the local government units of Tagoloan and Villanueva’s support for such project can be very easily obtained.”

600450 CDO business group wants $300-M glass factory to locate in Phividec glassonweb.com

See more news about:

Others also read

The Gatefold Building provides 119 homes for private rent in the heart of West London, with Unique Window Systems fabricating and installing both PVCu and aluminium fenestration products for the project.
Howells Patent Glazing was appointed manufacturer and supplier of a bespoke glazing system for one of the greatest examples of Gothic Revival architecture in Britain, the Towers, known to millions as the centrepiece of Alton Towers Resort.
While looking for an interior/exterior folding glass wall solution for a new apartment complex in downtown Indianapolis, a customer reached out to Solar Innovations®.
Britplas have been appointed as the external envelope supplier for the latest development of Qinetiq’s Portsdown Technology Park (PTP).
Six Construct, the entity of BESIX Group in the Middle East, awarded contract for the 78-storey building after an extensive and competitive international tender process.
Queens University Belfast’s (QUB) brand-new student accommodation at College Avenue, beautifully brings together a suite of multi-functional systems from architectural aluminium systems’ company, Metal Technology.

NEWS RELATED PRODUCTS

sedak GmbH & Co. KG
sedak GmbH & Co. KG

Add new comment