Jingniu Group industrial park project was signed in Philippine Presidential Palace

Author: Source: Date:2006-9-1 16:34:34

Invited by International Trade Group of Philippine, the high-level business mission of Jingniu group visited Philippines for a few days¡¯inspection and bargaining for the fourth time, and came to an agreement of building Jingniu Group Industrial Garden in the Subic Bay . On June 8 at the meeting hall of Philippine Presidential Palace, the Board Chairman Wang Changlin of Jingniu Group and both the Board Chairman Feliciano G. Salonga and the Chief Executive Arreza signed an agreement of modern industrial garden project, which occupied 38 hectares lands, invested 320 million U.S. dollars in building float glass coating, jade glass and mine deep-processed five production lines. Philippine president Arroyo, the minister Peter B. Favila and the undersecretary Thomas G. Aquino of International Trade Group, the special assistants to the president the Deleon's, the deputy Deng Xijun and the commercial counselor Yu Shizhong of Chinese embassy in Philippines attended the ceremony. After the contract signing, the President Arroyo, the Board Chairman Wang Changlin and Feliciano G. Salonga attended the press conference together, which participated by many media. The two sides briefly introduced the instance and significance of the project. The President Arroyo made an important and warmly speech. President Arroyo said that this agreement is a major harvest when he vistited China in 2004 and it will provide the Philippines with more than 2,000 job opportunities. Chairman Wang Changlin said that the project would end the t Philippines history of relying on imports of the coated glass, and make Philippines from importing glass into glass exporter. Subic Chief Executive Alieze said that contracted with Jingniu Group strengthens the relations with China and he will fully support services. On the second day each big media in Philippines gave the key report to the signing event on June 8. Followed that the largest newspaper "World Journal" Chinese version of the USA reported this in a front page. German media and many Southeast Asian countries have also done some highlights.

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