Head Internaqtional Holding GmbH Executive Vice President Gerald Skrobanek, 2nd from left, and Franklin Quijano, Chief Executive Officer (CEO), Phividec-Misamis Oriental, 3rd from left, signs the Memorandum of Understanding (MOU) allowing the Austrian company to put up its plant and production facilities in the government’s economic zone in Tagolo-an, Misamis Oriental. Photo by Criz Diaz
By CRIS DIAZ, Executive Editor
THE world’s leading manufacturer, HEAD tennis balls, racquets and other leading international sports products, would relocate its manufacturing plant from China to Misamis Oriental starting 2019 at a cost of P2.4 billion.
HEAD International Holding GmbH, an Austrian company, has signed a Memorandum of Understanding (MOU) with the Phividec Industrial Authority (PIA) with a 25-year lease agreement for the construction of the company’s manufacturing plant in Tagolo-an, Misamis Oriental.
In the eight-page MOU signed by HEAD’s Executive Vice President Gerald Skrobanek and Franklin Quijano, Chief Executive Officer of PIA-Misamis Oriental, the HEAD would construct a plant in a five-hectare site known as “The Park” for the production of “tennis balls” in the Phividec area.
The company would start the construction of the buildings on the plant site for the production facilities in June 2019, expected for completion in 2020.
The second phase would be for the construction of additional production facilities for the transfer of existing production equipment in China to Misamis Oriental.
Franklin Quijano said that the additional plants for the production equipment from China would be operational in 2022.
Provincial Governor Yevgeny Vincente Emano, of Misamis Oriental, said that the HEAD project would contribute to the economic development in Misamis Oriental in particular and in the Philippines in general.
Based on the MOU, the HEAD would initially employ 100 to 200 workers with above salaries compared to existing salaries of workers in Cagayan De Oro City.
Emano said that the HEAD company might employ a total of 700 once its manufacturing plant becomes fully operational in 2022.