Ingasco to put up $30-M plant in Clark

MANILA, Philippines - Industrial gas manufacturer Ingasco, Inc. is investing $30 million to put up a plant in the Clark Freeport zone.

“Ingasco will establish and operate an air separation plant facility for the existing and future industrial, medical and specialty gases to provide the requirements of several firms, including semiconductor facilities, inside Clark,” Eduardo Oban Jr., chairman and officer-in-charge of Clark Development Corp. said in a statement.

Oban signed the lease agreement with Ingasco president Masahiko Kitabatake.

The firm will lease 17,816 square meters along Panday Pira Avenue in Clark.

Oban said Ingasco intends to stay in Clark for 25 years.

He also said the firm could hire 20 workers in its initial operations.

Ingasco, a duly licensed corporation by the Securities and Exchange Commission, is engaged in the production, marketing and distribution of oxygen, nitrogen, argon, hydrogen, acetylene, carbon dioxide and other allied gasses.

It also manufactures and sells on site-plant and gas equipment.

Ingasco intends to supply the requirements of manufacturing and processing firms such as pharmaceuticals, petrochemical companies, oil refineries, electric transformers, steel and metals, synthetic fiber manufacturer, food and beverage, medical, scientific, shipbuilding, automotive and other fabrication industries.

The firm’s primary stockholders are Japan-based Taiyo Nippon Sanso Corp. (TNSC), and the Caloocan Gas Corp. (CGC).

TNSC, a gas company, provides support for diverse industries including the steel, chemical, electronics, automobile, construction, shipbuilding, and food industries. 

CGC, meanwhile, is one of the leading manufacturer and distributors of industrial gases in the Philippines.