Originally an American military base many years ago, the Clark Freeport Zone in Pampanga, Philippines has transformed itself into a modern industrial estate. Situated between the cities of Angeles City and Mabalacat City, the freeport zone is in a strategic location that is being developed into Luzon’s top business destination.
Clark Freeport Zone (CFZ)
After it closed down in 1991 due to the eruption of active volcano Mount Pinatubo, the Clark Freeport Zone was cleaned up and transformed into the Clark International Airport and Clark Special Economic Zone (CSEZ). Upgrading it to become one of the most modern airports in Asia, the infrastructure was vastly improved with the addition of a second airport runway.
Eventually in 2007, Clark Air Base was renamed to Clark Freeport Zone under then-President Gloria Macapal-Arroyo. This officially designated it as a freeport, which gave investors tax-free and other duty-free privileges. Since then, a great number of domestic and foreign investors have moved into the freeport and driven up investments.
Clark Freeport Zone is predicted to be the next haven for the business process outsourcing industry.
Strategic Geographic Location
The Philippines lies in the heart of Asia, today’s fastest growing economic region. Its strategic location makes it a potential gateway to more than 550 million peoples in the Southeast Asian market. It is less than two hours to Hong Kong and within four hours flying time from Southeast Asian capital cities and most major cities in Asia. It lies astride major international shipping and air lanes, making it suitable for international businesses.
Philexcel Business Park
Located within the Clark Freeport Zone is an industrial park called Philexcel Business Park. Established in 1993, Philexcel is the first and largest business park in Clark. Tancorp Manufacturing, Inc. is located within Philexcel Business Park.