Hanjin Heavy Industries, Corp-Philippines, Inc. (HHIC-PI), switched on the steel plate cutting machine that signaled the start of its production.
The first steel cutting ceremony was held at the newly-built HHIC-PI shipyard at the Redondo Peninsula.
The HHIC-PI constructed the shipyard complex inside the 480-hectare land area in the peninsula with a committed investment of $ 1 billion and is expected to create around 30,000 jobs.
Already lined-up for production are six units of 4,300-TEU container ships to be delivered to Diorxy Maritime Corp. in Greece in 2009.
The second production line will be comprised of six units of 4,300-TEU ships intended for NSC Schiffartsgeselhaft of Germany.
The ceremony was graced by Subic Bay Metropolitan Authority (SBMA) Chairman Feliciano Salonga, SBMA Administrator Armand Arreza, Trade Secretary Peter Favila, Subic-Clark Alliance and Development (SCAD) Secretary Edgardo Pamintuan, and HHIP Chairman Nam Ho Cho.