REPORT: SUBIC POSTS $971.7-M EXPORTS IN 2007
[Related Poster at left (Click image for larger view) - Computer maker Wistron Infocomm Philippines Inc. at the Subic Bay Gateway Park remains the biggest single exporter at the Subic Bay Freeport.]
SUBIC BAY FREEPORT, JANUARY 19, 2008 (SBMA) by MARICAR GAY SIPIN SAVELLA - Business locators in this premier free port exported a total of $971.7 million worth of products in 2007, up by 40.6 percent over the $691.1-million record in 2006.
Subic Bay Metropolitan Authority (SBMA) Administrator Armand Arreza said the increase in export production here was buoyed mainly by a resurgent demand for electronic products, computer peripherals and precision equipment manufactured in the free port.
"We've averaged more than $80 million per month last year in export production, and that's a pretty indication of Subic's brightening prospects," Arreza said.
"Now we're aiming to breach the $1-billion mark in 2008, as shipbuilder Hanjin is scheduled to deliver this year the first cargo vessels out of Subic," he added.
According to figures supplied by the SBMA Business Group, eight Taiwanese companies, six Japanese firms, two Filipino firms, and four other entities separately owned by Hong Kong, Swedish, Danish and American locators, delivered the bulk of Subic's exports in 2007.
The aggregate exports produced by these top 20 firms totaled $929.8 million, or more than 95 percent of the total delivery by some 190 Subic exporters.
The top export producer last year was Wistron Infocomm Phils., a Taiwanese computer manufacturer, which recorded a freight on board (FOB) value of $448.7 million.
The second biggest exporter was Lets Do Mobile Phils., a Hong Kong firm engaged in the import-export of mobile phones and accessories, with $132.9 million.
Next in line were Hitachi Terminals Mech. Phils. Corp. (Taiwanese), which posted $90.56 million; Sanyo Denki Phils. (Japanese), with $71.82 million; Juken Sangyo Corp. (Japanese), $42.32 million; Tong Lung Metals Inc. (Taiwanese), $21.45 million; Nidec Subic Phils. (Japanese), $20.29 million; Hitachi Air Conditioning Products Inc. (Taiwanese), $19.87 million; Koryo Subic Inc. (Japanese), $10.03 million; and BayDesign Inc. (Filipino), with $9.86 million.
Also in the top-20 exporters list were Philippine Inter Electronics Corp. (Japanese), with $8.28 million; Tailin Abrasives Corp. (Taiwanese), $7.29 milion; Chung Nan Textile Corp. (Taiwanese), $6.89 million; Nicera Phils. Inc. (Japanese), $6.81 million; Polarmarine (Swedish), $6.26 million; Subic Bay Apparel Corp. (Filipino), $5.94 million; Taian Subic Electric Inc. (Taiwanese), $5.84 million; Subic Technics Inc. (Taiwanese), $5.59 million; Lindberg Subic (Danish), $4.67 million; and Printing Images CtC, Inc. (American), 1ith $4.27 million.
Arreza said Subic's export performance last year followed a positive trend all the way through, with year-on-year increases posted from January to December.
He added that while the biggest volume of export was recorded in October 2007, at a total of $122.43 million, the biggest jump in monthly comparative export figures occurred in July when an 81.85 percent increase over the 2006 figure was recorded.
In terms of imports, Arreza said Subic posted a total of $1.78 billion last year, which is 10.01 percent higher than the $1.62 billion recorded in 2006.
Again, Wistron Infocomm, which was also the biggest exporter, topped the importers list with a total FOB value of $375.74 million.
The next biggest importer was HHIC-Philippines, Inc. with $235.29 million; followed by Lets Do Mobile, with $226.63 million; PTT Philippines Trading Corp., $168.30 million; Hanjin Heavy Industries & Construction Corp., $121.35; and Hitachi Terminals, $81.89 million. (30)
MARICAR GAY SIPIN SAVELLA
Public Relations Officer
Bases Conversion & Development Authority
Chief News Editor: Sol Jose Vanzi
© Copyright, 2007
by PHILIPPINE HEADLINE NEWS ONLINE
All rights reserved
PHILIPPINE HEADLINE NEWS ONLINE [PHNO] WEBSITE