British firm recommended for tax incentives

HERMOSA, Bataan — Director General Antonio Ortiz of the Technological Livelihood Resource Center (TLRC) has vowed to facilitate the granting of tax incentives and other benefits to a British-owned firm manufacturing export quality technology design window products in the productivity center in Sitio Tama, Barangay Culis, this town.

Ortiz said that Vignet Corp. with an initial investment of P300 million could be categorized as a pioneer industry with the introduction of unplasticized polyvinyl chloride(uPVC) which had been successfully used for producing windows and doors over 40 years in England.

He stressed that he would made a strong representation with the Philippine Economic Zone Authority (PEZA)and Subic Bay Metropolitan Authority (SBMA) for the tax-free status that was once given to the TLRC site which would improve their competitiveness in the global market and open opportunities for expansion to Asian countries.

Vignet chairman Vig W. Boyd said that his company has been operating only for three years but has become the leading PVC window supplier in the Philippine market with 125 fabricators and has already developed healthy exports to Thailand, Malaysia and Indonesia.

Boyd explained to the TLRC director general that the present production of the company reaches $l,200 per hour with 400 highly-skilled workers coming from Hermosa and its neighboring towns.

He said that the "products we produce here are first class and second to none. The technology may be British, but the products are proudly made in the Philippines of Filipino crafsmanship." — Raffy Viray