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Kentucky-based Lexmark International, which posted over $3 billion in revenues last year, begins building its plant this month at the Mactan Export Processing Zone in Cebu and is scheduled to begin production in October.
This is the first Energy Management Conference for economic zones and was jointly organized by Mactan Export Processing Zone Chamber of Exporters and Manufacturers (MEPZCEM), Philippine Economic Zone Authority (PEZA) and German Technical Cooperation (GTZ) through the Eco-Industrial Development (EID) project, in partnership with Department of Energy (DOE), Philippine Efficient Lighting Market Transformation Project (PELMATP), Department of Science and Technology (DOST) and Aboitiz Land Inc.
Situated in the Mactan Export Processing Zone II in Basak, Lapu-Lapu City, the state-of-the-art facility is expected to create hundreds of new jobs by the end of 2000.