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National Business News

Chinese investors eye GenSan for manufacturing plants

chinese investors eye gensan for manufacturing plants - Chinese investors eye GenSan for manufacturing plants

A DELEGATION of Chinese businessmen, together with Chinese embassy officials, visited General Santos City last week to explore investment opportunities, particularly manufacturing plants, according to Mayor Ronnel C. Rivera. In a statement, Mr. Rivera said the investors are looking at setting up a tire manufacturing facility on a 300-hectare property, and a battery recycling and manufacturing plant. “You are welcome to invest here. GenSan wants investors,” the mayor told the delegation during their courtesy call to his office. He quoted one Chinese government official as saying: “These Chinese businessmen toured the Philippines last year looking for viable locations in the country. It just so happened they saw the plans of the mayor for GenSan and they found it to be business-friendly.” Should the projects push through, Mr. Rivera said they expect “billions in revenue for the local government” and more than 5,000 job opportunities.

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