Cebu Industrial Park Developers Inc. (CIPDI) is expanding by another 30 hectares its West Cebu Industrial Park (WCIP) which is expected to generate up to 5,000 workers from future locators by the end of 2022.
In a statement, the joint venture of Aboitiz Group and the Tsuneishi Group of Japan said the expansion will take advantage of strong demand from foreign and local locators for industrial spaces.
WCIP is a 540-hectare mixed-use development, anchored by a 283-hectare Philippine Economic Zone Authority (PEZA) registered zone that has complementary commercial, institutional, and residential components.
It hosts 11 locators from medium to heavy industries, some of which are the biggest shipbuilding firms in the world, making Balamban the shipbuilding capital of the Philippines.
WCIP is strategically located in the west side of Cebu, known to be a major industrial belt with its proximity to various access points. It is accessible by land via the Transcentral Highway and South Coastal Road via Manipis Road or Naga City from the province’s capital, as well as sea through a private shipping port for common logistics support.
With the proposed new development, WCIP is set to grow by an additional 30 hectares over the next three years. It will allow for more industrial spaces, commercial centers, transport terminals, dormitories, and even leisure components for tourists.
CIPDI has been in talks with several potential locators amid the pandemic for the last few lots in WCIP’s existing inventory. These are among the only PEZA-proclaimed inventory left in Cebu.
It recently landed Advanced Catamaran Composites, its third shipbuilding firm, which istargeting to start its operations in the first quarter of next year.
The 30-hectare expansion is set to break ground next year.
More than 14,000 skilled workers are being employed by its industrial and commercial locators.