THE Aboitiz Group is growing its investments with its West Cebu Industrial Park (WCIP) project in Balamban, Cebu as it looks to ride on the region’s rising demand for industrial spaces.
In a public statement, Aboitiz said it’s looking to add 30 hectares to its WCIP growth over the next three years , allowing more land for residential , commercial, transportation and leisure components.
WCIP is a joint partnership between the Aboitiz Company and the Japanese Tsuneishi Group, the Cebu Industrial Park Owners, Inc. (CIPDI).
Rafael Fernandez De Mesa,1st VP of operations of Aboitiz Integrated Center said that What they want is to turn WCIP into a completely integrated economic hub, like their two projects in Batangas and Lapu-Lapu District, which will promote more growth in the area.
“We agree that the WCIP is an excellent place for small , medium and heavy industries seeking to grow and locate in Cebu with its strategic role, its professional communities, lower costs of doing business and well-established infrastructure ecosystems.
The WCIP now occupies 540 hectares of mixed land and is registered as a PEZA zone, of which 283 hectares. Some eleven locators are currently under development and in recent months, CIPDI continues to invite more, particularly global shipbuilding companies.
This is why WCIP has managed to draw shipbuilding firm Advanced Catamaran compounds for production. The Business said there are small PEZA zones accessible on Cebu inventory. It plans to launch operations in WCIP by 2021.
“We are pleased to have our next WCIP locator, Specialized Catamaran Composites. We expect to draw more locator to Balamban, as our 30 hectares expansion begins next year, “said Edoardo Aboitiz, Vice President, Corporate Growth at Aboitiz Integrated Economic Centers.
Aboitiz Equity Ventures, Inc., a listed holding company of the Group, has reported a 55% decrease of sales in the first six months to P4 billion. On Tuesday, the stock market shares closed by P43.80 percent or 1.68 percent from the previous part-session.