CLARK FREEPORT -- One of the largest and fastest growing multi-brand car dealership networks in the country today is investing P200 million for the establishment of dealership and showcase for various automotive brands inside this Freeport.
The Laus Group of Companies (LGC), headed by its Chairman Levy P. Laus on Monday signed an agreement with Clark Development Corporation President Atty. Arthur P. Tugade for the lease of 1.9-hectare property in Clark.
LGC is now officially among the long list of foreign and local investors in Clark after signing a lease agreement (LA) with CDC for the opportunity to expand LGC’s business in the Freeport, said Laus.
"Today is an important day for the Laus Group," the former CDC president said.
LGC will soon establish an automotive dealership sales and service center for the various brands being catered by the company, sales of automotive products, and other similar facilities inside this Freeport.
Recalling his own words when he was CDC president, Laus said he is positive of the continuing progress of the Freeport, adding that “the future of Clark is so bright, we have to wear shades," Laus said.
"More than ever, Clark will continue to be a very important place for future development," Laus said.
Laus, who is also Chairman Emeritus of the Pampanga Chamber of Commerce and Industry, Inc. supports the advocacy of developing areas outside Metro Manila, among which is Clark.
During the signing, Laus cited Tugade and the CDC management in its efforts to make Clark as one of the country's top investment destinations because of the continuing sound business atmosphere in Clark.
"I would like to take this opportunity to congratulate (Art) Tugade for the many things he has done here in Clark," Laus said.
For his part, Tugade welcomes LGC in Clark, saying "the beautiful people that the Laus family represents will be complemented by the beautiful project that will help beautify the landscape of Clark, and not only beautify the physical landscape of Clark, but more importantly beautify the ways of doing things," Tugade said.
Established in 1978, LGC is a diverse network of companies dealing predominantly in the automotive business industry in Central and North Luzon, including some in Metro Manila.
LGC represents 11 car brands and its pre-own used car business, aside from other businesses in non-life insurance, real estate, financing, tri-media, food services, motor oil, and mag-wheels distribution, auto enhancement, tires, nano-ceramic films, and petrol service station. The conglomerate employs 1,500 workers in its 65 business ventures in the country.
Present during the signing of agreement were CDC Director Ricardo S. Baron, CDC management committee, and officials of LGC. (CDC CommDep)