HVC Motors to assemble brand new buses
September 29, 2004 | 12:00am
HVC Motors Corp. (HVCMC), a newly established company, will infuse P352 million worth of investments in the Subic Bay Freeport to assemble and distribute brand new passenger buses.
Parts for the buses will be imported from the Peoples Republic of China and will be assembled in HVCMCs leased facility located at the Subic Bay Freeport.
HVCMC will initially assemble 24 to 29-seater buses in its first year of operation and will subsequently assemble much bigger buses with a seating capacity of up to 49 passengers.
HVCMCs assembly plant is a 3,700 square meter space at Building 3 corner of Schley St. and Riviera Point, Ship Repair Facility (SRF) Compound.
HVCMC is leasing the space from Global Terminals and Development Inc. (GTDI).
The buses is intended for export to Panama, Costa Rica, Thailand and other countries that have existing business relationship with the HVC Group of Companies.
The HVC Group of Companies is comprised of the Subic Bay Medical Center Inc., Health Vision Corporation, HVC Security Servicews Inc., Sterling Distilled Water Corporation and a few other firms.
Subic Bay Metropolitan Authority (SBMA) chairman Felicito Payumo welcomed HVCMCs investment as it would create more jobs inside the Freeport.
Parts for the buses will be imported from the Peoples Republic of China and will be assembled in HVCMCs leased facility located at the Subic Bay Freeport.
HVCMC will initially assemble 24 to 29-seater buses in its first year of operation and will subsequently assemble much bigger buses with a seating capacity of up to 49 passengers.
HVCMCs assembly plant is a 3,700 square meter space at Building 3 corner of Schley St. and Riviera Point, Ship Repair Facility (SRF) Compound.
HVCMC is leasing the space from Global Terminals and Development Inc. (GTDI).
The buses is intended for export to Panama, Costa Rica, Thailand and other countries that have existing business relationship with the HVC Group of Companies.
The HVC Group of Companies is comprised of the Subic Bay Medical Center Inc., Health Vision Corporation, HVC Security Servicews Inc., Sterling Distilled Water Corporation and a few other firms.
Subic Bay Metropolitan Authority (SBMA) chairman Felicito Payumo welcomed HVCMCs investment as it would create more jobs inside the Freeport.
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