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MEPZ
Showcase of Industrial Growth
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| An expanding
export processing in Mactan links Cebu to the world. |
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The Mactan Export
Processing Zone (MEPZ) is Cebu’s prime showcase of export-oriented growth. The
120-hectare industrial estate started out with only eight firms in 1986. But
today, it keeps on expanding firms manufacturing a wide variety of goods and
services.
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The growing activity in the
MEPZ reflects the fast-paced economic development that is taking place in Cebu.
The Mepz registered the largest positive trade balance among the four export
processing zones in the country. Being labor-intensive, the MEPZ scaled new
heights in employment. The zone increased in the number of skilled and unskilled
workers.
Factories at the MEPZ
deliver world-class products to the United States, the European Economic
Community and Japan. Such products include watches, semiconductors, electrical
equipment, garments and precious jewelry.
Enterprises
with manufacturing facilities at the zone are predominantly multinational
corporations. Half of these are Japanese-owned.
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