Aboitiz Group’s Lima Land Inc. projects its expansion project in Lima Estate in Batangas will generate 20,000 new jobs in Region 4A (Calabarzon covering Cavite, Laguna, Batangas, Rizal and Quezon)
In a statement, Lima Land said it will develop 100 hectares of its existing 700-hectare property in Batangas to house more industrial locators.
The project is expected to be completed by the third quarter of 2022.
It added its 30-hectare business district will be further developed to accommodate new commercial lots, business process outsourcing (BPO) firms, office buildings, dormitories, schools, hospitals, hotels, and civic centers.
The business district is currently home to The Outlets at Lipa, Lima Exchange, and Lima Park Hotel.
“With this expansion, Lima is well on its way to becoming a full-fledged smart city, supported by a complete ecosystem of infrastructure and the latest digital technology. A smart city in Calabarzon opens up a new wave of opportunities, with data at the forefront of improved operations across the city,” Aboitiz Integrated Economic Centers First Vice President Rafael Fernandez de Mesa said.
He added this expansion supports the government’s inclusive growth initiative by bringing economic development outside Metro Manila.
NEW PROJECTS AT LIMA
Lima Land said there will be new and existing locators expanding their footprints at the Lima Technology Center (LTC).
Japanese wire harness manufacturer Leading Co. Ltd. (Leaden) will start the construction of its facilities at LTC by December 2021. Its operation will commence by March 2022.
The Japanese firm manufactures wire harness products for construction and industrial machinery, supplying to big companies such as Yamaha and Komatsu.
Leaden is also operating in the United States and China.
Lima Land added Leaden will be joining a lineup of global companies operating within LTC, such as Epson, JT International, Littlefuse, and Yamaha.
Lima’s existing locator Philippines TRC Inc. will also expand its facility in 2021.
TRC’s operation involves metal processing (shaft) business focusing on painted products, resin molding, and assembly.
“We are happy to be welcoming Leaden and the expansion of TRC in Lima soon and are committed to ensure them ease of doing business and fully integrated solutions of infrastructure services such as power, water, land, and construction. They are coming at a perfect time as we are on track to complete our expansion plans,” Aboitiz Integrated Economic Centers Vice President for Business Development Eduardo Aboitiz said. CURRENTPH