CIAC welcomes JPI’s P600-M investment
The lease agreement underscored JPI’s confidence in the country as a strategic location for aerospace manufacturing and reinforced CIAC’s vision of developing Clark into a premier aviation and aerospace hub in the region.
Clark International Airport Corporation president and CEO Jojit Alcazar (second from left) and Jamco Philippines Inc. president Giovanni Atzei (second from right) signed the lease agreement for the expansion of the operations of the Japanese company to increase the production of advanced aircraft interior components supplied to Airbus in Toulouse, France, and Boeing in South Carolina and Seattle, Washington, in the United States. Jamco Philippines is committed to investing at least P600 million within the first three years and increasing its workforce from approximately 450 employees today to as many as 1,400 personnel upon completion of the expansion in 2028. Witnessing the signing are CIAC director Rommel Santiago (left) and Jamco Philippines Inc. vice-president Motonori Kikuchi.
Photograph courtesy of CIAC
