Swiss firm to establish P285M factory in Clark
By Reynaldo G. Navales
July 21, 2011
CLARK FREEPORT — Clark Development Corporation (CDC) officials have forged an agreement with a Swiss firm for a P285-million manufacturing firm inside the Freeport.
The factory will produce “chip bonding tools” to supply various semi-conductor firms operating inside the Freeport.
CDC president Antonio Felipe B. Remollo said Switzerland-based Special Precision Tools (SPT) Clark Corporation is expected to supply the needs of various firms, including Texas Instruments, Phoenix Semiconductor Philippine Corporation, Siemens and other leading semi-conductor firms in Clark.
The factory, designed by Normandy Architects Inc., will be established inside the Philexcel Business Park here. It will be leasing a total land area of 4,872 square meters, Remollo said.
The agreement was recently signed between Remollo and SPT Clark president Peter Glutz.
Heinz Wiechmer, SPT Project leader in Clark; Ian Packham, Philexcel general manager; and Lawyer Jojo Hipolito, SPT’s special counsel witnessed the agreement signing.
SPT has been operating a manufacturing area in Mandaluyong City, Metro Manila but recently decided to move and build a new facility and headquarters in Clark.
SPT, which has six factories in Japan, Switzerland, China, Singapore, Philippines and USA, was founded in 1890 and started as a manufacturer of watch jewels and industrial jewels in Lyss, Switzerland.
In 1964, it was renamed as Aprova Ltd. that produces first wire bonding capillaries for wire bonding of transistors and integrated circuits. In 1974, SPT joined Aprova Ltd.
Today, SPT has more than 1,000 employees in six countries with more than $200 million sales annually.
Glutz told Remollo that an initial 138 workers are expected to be hired once the SPT factory is fully operational within the year.
Published in the Sun.Star Pampanga newspaper on July 21, 2011.
Source: http://www.sunstar.com.ph/pampanga/local-news/2011/07/20/swiss-firm-establish-p285m-factory-clark-167991
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