A Japanese firm at the Clark Freeport Zone will infuse an additional P211 million in its expansion program, according to the state-run Clark Development Corporation (CDC).
The firm is a manufacturer of surgical non-sterile and surgical guide wires used for advanced surgical procedures.
In a lease agreement signed by CDC and TRS Philippines Corporation (TRS), the Japanese firm will acquire an additional 4,355-square meter property in the Freeport in the next 25 years.
The agreement was signed on September 2 by CDC Officer-In-Charge Noel F. Manankil and TRS Philippines Chairman Teruo Hashimoto.
TRS Corp. Phils. General Manager Girlie Jane Santos said TRS is manufacturing surgical guide wires mostly used for angioplasty, angiogram, endoscopy and other similar medical fields are being exported to biggest and best known medical companies in Japan, Singapore, Germany, China, U.S., Brazil and India.
TRS has been a registered locator in Clark since 2006 with 116 employees accumulated for the last 10 years. With the expansion, the firm is expected to hire an additional 80 employees within one year of operation in the expansion area.
According to Santos, the company offers unique benefits to workers, who are mostly females. They are provided by the company with rice subsidy, fruits, milk supplement, vitamin C, meal and transportation allowances, among others.
Aside from surgical non-sterile and surgical guide wires, the company also manufactures disposable surgery suite, medical accessories for medical equipment and apparatus and other related goods of a similar nature for export.
The expansion project will soon rise at C.M. Recto Highway here.
Also present during the LA signing were CDC Vice-President for Business Development and Business Enhancement Group Eva G. Tejada and Santos, who is also the firm’s Japanese interpreter.