Olongapo SubicBay BatangGapo Newscenter

Friday, June 03, 2005

Multinational’s plant in Subic to generate 1,000 jobs

SUBIC BAY FREEPORT— Gramsmed Asia Inc., a US-based multinational, signed recently a R15-million contract with Subic Bay Development and Management Corp. (SBDMC) for the construction of a manufacturing plant that is expected to generate some 1,000 factory jobs in the Freeport.

Subic Bay Metropolitan Authority (SBMA) Administrator Alfredo Antonio said "Gramsmed has been one of the leading names in wound-closure products. It’s nice to know that the erection of its plant inside the Freeport would help in hindering the rise of unemployed in the vicinity."

Gramsmed Asia president Manuel Lagmay said, "over 20 years of experience in sourcing and dealing with suture products and good manufacturing practices, along with high standards of quality control, have made Gramsmed finished products the best its client will find."

SBDMC president Jeff Lin said "Gramsmed Asia can expect full support from SBDMC and SBMA. (JR


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