SUBIC SHIPYARD ft) dock, gantry cranes and an automated assembly line with 600,000

deadweight tonnage (DWT) of annual shipbuilding capacity

The Subic Shipyard was built by Hanjin Heavy Industries and Construction
Philippines (HHIC–Phil), a subsidiary of the South Korean firm Hanjin
Heavy Industries. HHIC–Phil received its first order to build a ship at the
Subic Shipyard in 2006. Construction of the shipyard began in early 2006
and its facilities were complete by 2009. The first ship built at the Subic
Freeport Zone, the MV Argolikos, was inaugurated at the Hanji Subic
Shipyard in July 2008, in a ceremony attended by then President Gloria
Macapagal Arroyo. The ship was also the Philippine-made container ship.
By 2015, the Hanjin Subic Shipyard became one of the top ten top 10
shipbuilders in the world in terms of orderbook. At one point, the Philippines
is the fifth largest shipbuilding nation in the world, largely owing to the
output of the Subic shipyard. At its peak in 2016, the shipyard employed
35,000 people.
Furukawa Automotive Systems Lima Phil. Inc
Furukawa Automotive Systems LIMA Philippines Inc. is an affiliate of
Furukawa Automotive Systems under Furukawa Electric Group. FALP was
certified by SEC on Jan. 16, 2012. Furukawa Automotive Systems started in
2007 as an organization that was the key driver in the pursuit of the
automotive components- related businesses of the Furukawa Electric Group,
in both name and fact, through a merger with the Automotive Products
Division of Furukawa Electric Co., Ltd. The company manufactures
automotive wire harnesses. With a basic policy of customers first and
offering quality and services that are able to win customer’s trust and
satisfaction, the company offers optimum solutions drawing on the abundant
and diverse materials capabilities of the Group and with a mobility and
footwork not found with large enterprises.

Riddled with debt, HHIC–Phil filed for voluntary rehabilitation under

Republic Act 10142, otherwise known as "An Act Providing for the
Rehabilitation or Liquidation of Financially Distressed Enterprises and
Individuals" on January 8, 2019 and laid off 10,000 of its employees
retaining only 300 employees in the shipyard by January 2020

Subic Bay Metropolitan Authority

The Hanjin Subic Shipyard covers an area of 300 hectares (740 acres) within
the Subic Freeport Zone. As of 2015, it has a 500 m × 135 m (1,640 ft × 443
The Subic Bay Metropolitan Authority (abbreviated as "SBMA", Filipino:
Pangasiwaang Panlungsod ng Subic Bay) is a governmental agency of the
Philippines. Sometimes abbreviated as SBMA, the agency has played a
significant part in the development of the Subic Bay Freeport and the Special
Economic Zone into a self-sustainable area that promotes the industrial,
commercial, investment, and financial areas of trade in the zone as well as in
the country of the Philippines itself.
The area of jurisdiction of SBMA includes the erstwhile U.S. Naval Base
Subic Bay, parts of Redondo peninsula where the Subic Hanjin shipyard is
located, and erstwhile US defence accommodations in the hills consisting of
Binictican and Kalayan housing areas.
The SBMA is currently headed by former City Mayor of Olongapo Rolen
Paulino as of March 1, 2022. His predecessor as Chairman and Administrator
from 2017 to 2022 was lawyer and public affairs manager of Philip Morris
Fortune Tobacco Company Inc. (PMFTC) Wilma T. Eisma.
On March 13, 1992, the Philippine Congress passed Republic Act 7227,
known as the Bases Conversion and Development Act of 1992, in
anticipation of the pullout of the US military bases in the country. Section 13
of Republic Act No. 7227 created the Subic Bay Metropolitan Authority
(SBMA) to develop and manage the Freeport which provides tax and duty-
free privileges and incentives to business locators in the special economic
zone. iRichard Gordon, then the mayor of the City of Olongapo, became the
first SBMA chairman.
CLARK FREEPORT ZONE
The Clark Air Base area, also known as the Clark Main Zone was declared a
Freeport Zone and was separated from the special economic zone through
Republic Act 9400 of 2007. Since then the Freeport Zone and the Clark
Special Economic Zone were considered as separate areas but collectively
they are occasionally referred to as the "Clark Freeport and Special
Economic Zone".
The CFEZ in Pampanga covers portions of the cities of Angeles and
Mabalacat and portions of the town of Porac while parts of the area in Tarlac
include portions of the towns of Capas and Bamban, Tarlac.
The CFEZ divided into two areas, the Clark Freeport Zone (CFZ) and the
Clark Special Economic Zone (CSEZ). The New Clark City is part of the
Clark Special Economic Zone. The CFZ covers the area of the former United
States Air Force facility, Clark Air Base. Most of this air base was converted
to the Clark International Airport and some remained under the control of the
Philippine Air Force. Clark Global City is also part of the Clark Freeport
Zone.
Clark forms the hub for business, industry, aviation, education, and tourism
in the Philippines as well as a leisure, fitness, entertainment and gaming
center of Central Luzon
The CSEZ was placed under the Philippine Economic Zone Authority on
March 10, 2006 by then President Gloria Macapagal Arroyo through
Proclamation 1035 granting tax and duty exemptions to export company
locators operating within the CSEZ. The Clark economic zone lost these
exemptions in 2005 after a Supreme Court ruling that these exemptions under
the BCDA charter are exclusive to the Subic economic zone.
Authority of the Freeport Area of Bataan (AFAB)
The Authority of the Freeport Area of Bataan (AFAB) is a government
agency attached to the Office of the President of the Philippines that operates
and manages the Freeport Area of Bataan (FAB) in Mariveles, Bataan,
Philippines.
The FAB was originally designed as an Export Processing Zone. Its existing
infrastructures include 11 Standard Factory Buildings (SFB) with three
stories each, and a total working area of 8,352 m2 (89,900 sq ft). per SFB. It
is currently home to over 50 locators engaged in manufacturing products for
export ranging from tennis balls to yachts. AFAB also has two locators using
their facilities for warehousing, one locator engaged in animal feeds
processing and an enterprise currently constructing a clean coal power plant.
These enterprises employ a total of 13,443 workers.
The objective of the AFAB is to revive the area and expand the Freeport. To
accomplish these objectives, the Freeport seeks to attract more locators in the
manufacturing, Business Process Outsourcing (BPO), electronics industries
and green industries, among others. It is also seeking investors to boost its
tourism capabilities by refurbishing its existing recreational facilities. The
AFAB is also targeting new investors to build hotels, entertainment
establishments, duty-free shops, resorts, team-building facilities, and sports
facilities, among others, to encourage the influx of local and foreign tourists.