Light Industry and Science Park IV Gets PEZA Registration

MANILA, Philippines - May 24, 2016 -- Light Industry & Science Park IV (LISP IV) has been officially proclaimed as a Special Economic Zone by the Philippine Economic Zone Authority (PEZA). As provided by R.A. 7916 or The Special Economic Zone Act, investors and locators in PEZA-accredited industrial parks will be entitled to certain fiscal and non-fiscal incentives to encourage investments.

LISP IV is the sixth industrial project of Science Park of the Philippines, Inc. (SPPI). SPPI is the nation’s leading and largest private industrial estate developer, with over 800 hectares of prime industrial estate land developed, under development and spanning six strategic locations across the Philippines.

In partnership with Sasaki & Associates Inc., a US-based master-planning firm known for its environmentally attuned design, even the future effects of global warming were considered in the masterplan of LISP IV such as the design of a storm management system that will withstand the highest recorded flooding in 100 years.

Moreover, LISP IV contains features that have made SPPI’s earlier industrial estates successful. These include strategic access; reliable power and water supply; state-of-the-art telecommunications facilities and sustainability features such as a centralized wastewater treatment plant, drainage and storm water management system; 24/7 security and in-house fire fighting equipment and crew. It is also a one-stop shop with its on-site park and management team, PEZA and customs office, bank services and freight forwarding service.

According to SPPI Chairman & CEO Guillermo D. Luchangco, LISP IV spans 200 hectares of real estate constituting the industrial portion of the 250-hectare Malvar Cybergreen, which also includes a 50-hectare area for commercial and residential development. About 35% of the original landscape was maintained or enhanced and the property’s natural environment was protected.

“Even before the proclamation, we have already received a number of inquiries from big multinational companies and other big ticket investors. We expect more vibrant economic activities here as more buildings are constructed,” Chairman Luchangco ended.

Related Article:

http://business.inquirer.net/209524/sppi-opens-leading-edge-200-ha-ecozone-in-malvar-batangas

ABOUT US

Science Park of the Philippines, Inc. (SPPI) was established in 1989 and, through the years, has gained the reputation of being a cutting edge developer of industrial estates through its Light Industry & Science Park projects. Today, SPPI is highly regarded as one of the pioneers and leaders in private industrial estate development in the country and has the largest hectarage of industrial estates developed and being developed with almost 600 hectares of aggregate area.

SPPI started the development of its first industrial estate, the 178-hectare Light Industry & Science Park I (LISP I), in Cabuyao, Laguna in 1991, which was sold out by 1995. LISP I was the first privately-owned industrial estate to operate as a Special Export Processing Zone (Ecozone), under the Philippine Economic Zone Authority. SPPI’s second industrial estate, the 65-hectare LISP II located in Calamba, Laguna, started development in 1996 and was sold out in just two years.

SPPI’s LISP I and LISP II are home to Fortune 500 companies and major multinational companies including Procter & Gamble, Unilever, Pepsi, NEC, NXP and ST Microelectronics ( both formerly Philips Electronics), First Sumiden, H.B. Fuller, Nippon Paint and Continental Temic, to name a few. Top Filipino export and manufacturing corporations therein include Concepcion Industries, Ionics Inc. and Fastech.

Presently, SPPI is developing and selling three industrial estates namely: (1) LISP III, a 109-hectare industrial estate in Sto. Tomas, Batangas, which is accessible from Manila via the South Luzon Expressway and via Southern Tagalog Arterial Road(STAR) from Batangas City; (2) Cebu Light Industrial Park, a 62-hectare industrial estate in Mactan Island, Cebu, which boasts of the country’s largest desalination plant; and, (3) Hermosa Ecozone Industrial Park, a 162-hectare industrial park in Hermosa, Bataan, which is located between the Subic Freeport Zone and Clark Economic Zone and is accessible through the Subic- Clark-Tarlac expressway (SCTEx).

Competitive Advantages of SPPI’s Industrial Estates

Strategic location – SPPI was the first to build an interchange linking a national expressway with a privately- owned industrial estate (LISP I). LISP II, on the other hand is just 300 meters from the Calamba interchange of the South Luzon Expressway (SLEX). LISP III is directly in front of the Sto. Tomas interchange of the SLEX, which is the last exit of the SLEX right before the Southern Tagalog Arterial road leading to the international seaport of Batangas City. CLIP, on the other hand, from the Mactan International Airport, while HEIP is accessible through the spur road of the SCTEx.

Complete infrastructure – All SPPI industrial estates have world class infrastructure like highway-grade road network, ample water supply, waste water treatment plant, stable and reliable power and advance telecommunication.

Other services and amenities include transportation within the industrial estate, bank, healthcare, freight forwarding and round-the-clock security. All these services and amenities are aimed at having locators to concentrate fully on their business operations; and,

Managed environment – SPPI is acknowledged to have a strong onsite management team to give locators personalized assistance on a wide range of business concerns.

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This release was published on openPR.