Swedish manufacturer OSM Group opened a production facility for consumer electronics and industrial products at Clark Freeport Zone, Clark Development Corp. said Wednesday.
CDC president and chief executive Manuel Gaerlan said the new investment in Clark would strengthen the Freeport’s stature as a prominent destination of choice among foreign and local investors.
“This event is one of the many signs that Clark Freeport Zone continues to play a major role in the dynamic progress of our country. Despite the challenges brought by the pandemic, Clark continues to be a choice investment hub in the Philippines,” he said.
OSM Group is a maker of consumer electronics, engineered soft good, and other industrial products. It inaugurated its facility within the PhilExcel Annex area inside Clark Freeport.
Swedish Ambassador Annika Thunborg cited Clark Freeport Zone as a suitable investment destination given its strategic location, connectivity and ideal business climate.
“It is important for Swedish companies to look outside of Metro Manila for investment and trade opportunities, and Clark should be a top priority due to its strategic location, proximity to transport hubs and its support to the investors,” she said.
OSM Clark employs 103 workers from the different communities near the Freeport. It provides services such as end-consumer driven design, product development, scalable mass production with retail packaging capabilities and supply chain management solutions.
The company was established in Sweden in 2004. It continuously added various offices and invested in new manufacturing sites in other countries. OSM has presence in Hong Kong, China, Sweden and the Philippines.