Hongkong businessman eyes $ 40 M shoe firm in Bataan

   Mayor Jose Enrique S. Garcia lll said the other day that Mr. Jack Chiang, a prominent entrepreneur, who owns Stella International, reportedly one of the largest fashion shoe manufacturing firms in Asia is negotiating for the putting up of a labor-intensive corporation in the historic peninsula as part of its Asian and American market expansion plan.

   Garcia said the new  foreign investor  is looking at the prospect  of building a shoe factory in the fast growing  ecozone in Central Luzon or adopting a dispersal system of manufacturing  by utilizing  highly skilled manpower available  in Balanga City like the one they set-up successfully in Vietnam  which is now a booming community.

   The young city executive said Mr. Chiang, owner of one of the twenty-five Asian fashion shoe firms, has forecasted sparkling and financially viable growth with the  strong demand for  top quality fashion shoes in Asia and American markets  for years .

   “The operation of the  new shoe factory is scheduled to turn-out initial output  of 5 million pairs with opening for 10,000 workers “, according to the Balanga city mayor.

   Meanwhile, Bataan Rep. Enrique T. Garcia, Jr. of the province’s 2nd congressional district , said the putting-up of a multi-million dollar shoe factory in the province  is signifying  the growing trust and confidence of foreign  and local investors  to good governance, infrastructure, availability  of qualified  labor force and other vital factors  undertaken by local officials in promoting the province as a providential investment haven in Central Luzon.

   He explained the presence of  power plants and several others under construction stage  in the industrial towns of Limay and  Mariveles , both in northern Bataan would stabilize power supply and granting of numerous tax incentives beneficial to locators.

   Garcia  described the latest investment as another economic landmark  to attract more locators in Bataan.