CLARK FREEPORT – The slump in Western economies has not dented on the export performance of investors here, as the Clark Development Corp. (CDC) which runs this freeport reported yesterday that exports of freeport investors have soared to at least $1.8 billion worth in 2011.
The estimate was as of last November, amid expectations that foreign demand for products produced in this freeport even peaked during the holiday season last December.
CDC president and chief executive officer Felipe Antonio B. Remollo noted that the partial $1.8 billion estimate was already higher than the $1.4 billion export record in 2010.
“This signals not only the recovery of Clark’s top exporting sectors in electronics, tires, garments, and other industrial goods, but also the increasing level of optimism in the global economy,” Remollo said.
The CDC noted that the Japanese firm Nanox has remained Clark’s top exporter at $693 million, with the newly established Korean firm Phoenix Semiconductor Philippines Corporation (PSPC) coming second with exports worth $ 404 million.
The other top exporters included Yokohama, L&T Int’l Group Philippines, Inc., and SMK Electronics (Phils.) Corp.
This, even as the CDC noted that while Nanox has consistently been Clark’s top exporters since it established in this Freeport in 2000, PSPC overtook it last November.
In a report, the CDC Enterprise Operations and Management Department (EOMD) indicated that Korean firm Phoenix Semiconductor Philippines Corporation (PSPC) posted exports worth over 98.5 million last November.
Export figures in November indicated Nanox came in second for that month, with some $62.8 million exports.
“From August to October last year, Nanox, a Japanese firm, was consistently topping the export statistics, but by November, exports of PSPC overtook Nanox with a difference of $35.7 million between them,” the CDC noted.
The CDC said Nanox “customizes display format and electro-optic properties which are used for home appliances, audio and healthcare equipment, medical equipment, meters for electricity, gas, water facilities, and automotive products, among others items.
On the other hand, PSPC, which moved into Clark only in January last year, is a facility for STS Semiconductor, which is Korea’s leading provider of semiconductor packaging.
“It provides turn-key-solutions, a wide range of products with DDR3, NAND, Flash Cards and also offers a full range of memory modules for PCs, notebooks, among others. NAND Flash is a special form of Flash memory.
Flash memory is a memory technology that keeps data even when the power supply is cut off; this is known as a non-volatile memory type,” the CDC said.
