Sunday, July 6, 2014
Apparel manufacturing firm extends lease in Clark, eyes expansion of operations
CLARK FREEPORT-Apparel manufacturing firm L&T International Group Philippines Inc. (LTIGPI) recently signed a 25-year extended lease agreement with Clark Development Corporation (CDC), pouring in an estimated $6.5 million worth of investments as it eyes expanded operations in the Freeport.
“Under the agreement, LTIGPI shall construct six 70,000-square meter buildings in its expansion area,” CDC President Arthur Tugade said.
Over 5,000 careers shall be generated upon completion of expansion by 2020.
LTIGPI is one of the outsourced manufacturers of Ralph Lauren, Nautica, and Victoria’s Secret. (Rosa Bianca R. Pamintuan)
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