First Philippine Industrial Park, established in 1996, comprises 349 hectares (860 acres) located in the cities of Tanauan and Santo Tomas in the province of Batangas, Philippines. Divided into three phases, currently has 67 occupants, including 37 Japanese firms and approximately 30,000 employees on site. Exports in 2011 amounted to $1.41 billion, according to the company’s latest data. The project is a joint venture between Sumitomo Corporation and First Philippine Holdings Corporation.
On February 23, 2013, Sumitomo Corporation, has begun expansion work at the First Philippine Industrial Park in Batangas, to add approximately 100 hectares of property for leasing and allow for additional factories to be constructed upon completion.[1]
In June, 2024, Secretary Alfredo Pascual and Yukihito Honda, Sumitomo’s Diverse Urban Development Group CEO discussed a major expansion of FPIP. In a joint statement, it considers development of additional residential and commercial areas around the hub, including research and development and data centers.[2]
Gallery
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FPIP I
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FPIP II
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FPIP III
References
edit- ^ "Sumitomo expands in the Philippines". Investvine.com. 2013-02-24. Retrieved 2013-02-24.
- ^ "Batangas industrial park eyes expansion". Philippine Daily Inquirer. June 24, 2024. Retrieved June 24, 2024.
External links
edit- Media related to First Philippine Industrial Park at Wikimedia Commons
- First Philippine Industrial Park
- Sumitomo Corporation HQ