Firm to put up $35-M plant in Clark-A A +A
Friday, October 7, 2011
CLARK FREEPORT ZONE — The Foton Motors Philippines is set to invest US$35 million inside the Freeport.
Clark Development Corporation (CDC) president Felipe Antonio B. Remollo said term sheet has been recently signed by the United Asia Automotive Group Inc. (UAAGI) for the firm’s plan to lease a 50,000 square-meter area here.
UAAGI will establish an assembly line for Foton vehicles that will be marketed to Southeast Asian countries.
Foton will be the first vehicle manufacturing firm to be established in Clark. Foton Motors Philippines, operated by UAAGI, is headed by president Rommel Sytin.
Foton, through the UUAGI, will employ thousands of Filipino workers.
Foton officials said the company takes pride in becoming the first Filipino company to compete in the vehicle manufacturing industry by offering its products in the Asean market.
Remollo said Foton Motors is China’s biggest commercial vehicle maker and one of the fastest growing factories in the world. The firm has two huge assembly plants in Beijing.
Among the vehicles that will be manufactured by UAAGI are ambulances, pick-ups, vans, and trucks.
Foton vehicles are known for functional style and competitive prices.
The Car Award Group Incorporated recently cited Foton MPX Van as the Best Multi-Purpose Van in 2009.
The Foton vehicles that are distributed in the Philippines are Blizzard Turbo 4x2 and 4x4 pickup; View Ambulance Van and the View 15-seater van; and MPX vans with captain’s seats.
The truck models in the local market are the Hurricane cab and chassis, drop-side and aluminum van; the Tornado Series 3.5L, 2.5 and 2; the Cyclone, Wind, and Mini Coach.
Published in the Sun.Star Pampanga newspaper on October 08, 2011.