China to invest $10m in RP

Mon, 08 Feb 1999 | 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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