China to invest $10m in RP

Mon, 08 Feb 1999, 00:00 WIB | Source: DPA

MANILA (DPA): A Chinese manufacturing company is poised to put
up a US$10 million assembly unit for air-conditioning units and
other appliances in the Philippines' freeport zone, a palace
statement said Saturday.

LPL Gree Inc. will set up its plant within a three-hectare
land area at the Subic Bay freeport zone. It is the first LPL-
Gree plant outside mainland China.

The Chinese firm is expected to generate jobs for 800
Filipinos. Its products will be exported to Malaysia, Indonesia
and Taiwan.

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