Zamboecozone export value index up 37.7%

ZAMBOANGA CITY (MindaNews/30 June) – The Zamboanga City Special Economic Zone and Freeport (Zamboecozone) export value index increased by almost 40 percent for the first five months of this year compared to the same period last year.

Christopher Lawrence Arnuco, Zamboecozone Chair and Administrator, said Monday the total export value from January to May this year reached $1.68 million.

Arnuco said this year’s five-month export value stood at $1.22 million or an increase of 37.7 percent over the figure of $1.22 million for the same period last year.

Arnuco attributed the increase to the performances of two of the biggest exporting enterprises in the Zamboecozone namely the Seachamp International Export Corporation (SEIC) and CTK Asia Rubber Corporation (CTK).

Arnuco said the SEIC and CTK are among the 16 current locators at Zamboecozone.

He said SEIC is a Filipino-owned and a wholly export-oriented company engaged in the processing, manufacturing and export of process marine products, specifically octopus and sillago fish.

He said SEIC exports its products to the US, Thailand and Mexico.

The official said the Korean-owned CTK Rubber Corporation is engaged in the processing, manufacturing and export of technically specified natural rubber exclusively to South Korea.

He said the processed rubber is primarily used in the production of tires in Korea which are in turn exported around the world.

He said the existing Zamboecozone locators are into manufacturing, processing, utilities and facilities operator, farming estate, management and support services, warehousing, restaurant and catering services, and power generation. (MindaNews)