Exports by locators in Subic increase faster in 2010

Value of merchandise exports from locators here increased faster last year, hitting $1.34 billion, the Subic Bay Metropolitan Authority (SBMA) said in a statement yesterday.

The statement quoted SBMA Administrator and CEO Armand D. Arreza as saying that such exports last year surpassed the $1.08 billion recorded in 2009 by 24.5%. Exports in 2009, in turn, saw a slower 10.4% rise from some $977.8 million the preceding year.

The biggest exporters were led by Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines (HHIC-Phil), which exported a total of $725.8 million. Hanjin’s exports in 2010 included two oil tankers that were delivered in January and March to the Turkish-owned Kaptanoglu Shipping Line.

Following Hanjin as major exporters were Japanese electronics producer Sanyo Denki Phils., Inc., whose shipments totaled some $103.2 million; Taiwanese computer maker Wistron Infocomm Phils. with $75.3 million; Japanese ATM-machine manufacturer Hitachi Terminals Mechatronics Phils. Corp. with $57.7 million; Taiwanese metal manufacturer Tong Lung (Phils.) Metal Industry with $53.1 million; Juken Sangyo (Phils.) Corp. with $53 million; Tapu Corp. with $27.7 million; Nicera Philippines, Inc. with $22.2 million; Cano Subic Corp. with $20.8 million; and Nidec Subic Philippines Corp., $18 million.

The same SBMA statement noted that imports by Subic-registered firms jumped by a bigger 55% to $3.48 billion last year from $2.24 billion in 2009.

Leading the list of Subic’s importers were Sanyo Denki Philippines, Inc., with total imports of $606.48 million; PTT Philippines Trading Corp. with $424.6 million; HHIC-Phil, $381.38 million; Koryo Subic, Inc., $368.84 million; Nicera Phils., $240.85 million; Nidec Subic Phils. Corp., $224.25 million; and Koushin Mfg. Phils., Inc., $183.33 million. -- RMG - bworldonline.com