Bloomberg News

Samsung May Build $2 Billion Philippine Plant, Standard Says

March 17, 2008

A Samsung Group unit may build a $2 billion electronics plant in the Philippines' Clark Freeport Zone provided its power supply is assured, Manila Standard Today reported, citing unidentified people.

The government is taking steps to boost power supply to Clark, the newspaper said. Clark is a former U.S. Air Force base 40 kilometers (25 miles) north of Manila. Samsung Electronics Co. has a plant in Calamba, 54 kilometers south of the capital.

Samsung Electronics, the flagship unit of the group, said in a statement in Seoul today that the company is considering various investment opportunities in Southeast Asia, though no decision has been made.

To contact the reporter for this story: Francisco Alcuaz Jr. in Manila at falcuaz@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net.


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