Silverpack investing ₱500 Million for Philippine plant

In an interview, a Silverpack official said the company plans to conquer Southeast Asia over the next decade through aggressive expansion of its manufacturing facilities and sales office across the region. image: philSTAR

MANILA, Philippines - Multinational packaging firm Silverpack Sdn Bhd is looking to invest ₱500 million to put up its first manufacturing plant in the country in the next two to three years.

In an interview, a Silverpack official said the company plans to conquer Southeast Asia over the next decade through aggressive expansion of its manufacturing facilities and sales office across the region.

"Our plan is to set up manufacturing plants in Asean in 10 years' time. We already have a factory in Malaysia and China. We have sales offices in Singapore, Sri Lanka and Thailand. We also need to set up sales offices in the entire Southeast Asia," Silverpack regional sales director Jeffrey Ng said.

In the Philippines, Ng said the company intends to gather a sizable market share initially before putting up a manufacturing plant in two to three years.

Ng said Silverpack is currently in talks with large food manufacturing companies in the Philippines for the export of its products.

"We are expanding because companies are also expanding. When they do well, we will do well as well," he said.

Silverpack's clients in Philippines are still mostly small and medium enterprises which import about ₱3 million to ₱4 million worth of products a month.

The company is looking to tap large Filipino conglomerates which invest in their own packaging plants for their businesses.

Ng said a candy manufacturer, for instance, spends 10 percent of its total cost for packaging alone while a high value goods manufacturer spends five to seven percent.

Silverpack's packaging materials are used by a wide range of food industries such as coffee, tea, confectionery, milk products, snacks, biscuits, instant food items, oil, seafood, pet food, sweets, jelly top seal, fruit drinks, personal care series, and moon cakes.

The Embassy of Malaysia Trade Office (Matrade) Manila said Silverpack is among the top five packaging companies in Malaysia at present.

Matrade commissioner Nyaee Ayup said Silverpack's expertise in packaging would help support a wide range of food industries in the Philippines.

"Instead of setting up their own packaging division, the food manufacturers in the Philippines can focus on their main line of business, if they will tap Silverpack for their packaging needs," Ayup said. - With Pia Lee Brago @philSTAR

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Lakers News: Jordan Clarkson Will Not Play For The Philippines

Jordan Clarkson, a Filipino-American professional basketball player who currently plays for the Los Angeles Lakers. image: turner.com

There’s been a lot of talk over the summer about second-year guard Jordan Clarkson, a Filipino-American professional basketball player who currently plays for the Los Angeles Lakers of the National Basketball Association for potentially playing for the Philippines' national team. Clarkson has expressed an interest in representing his country, but didn’t want it interfering with his commitment to the Los Angeles Lakers.

According to The Philippine Star, Clarkson will not be playing for the national team at this point in time because of his current commitment:

            "In an email to US-based Philstar.com contributor Homer Sayson, Mike Clarkson, Jordan’s father, cited timing as a factor in his son’s decision to pass on the  chance to don the           country’s colors, emphasizing Jordan’s  current commitment  with the Lakers in the NBA. Jordan is in town and has  started working out with the nationals."

Clarkson was initially put on the 24-man preliminary roster for the Filipino squad after being deemed eligible as a natural-born player earlier this month, via Naveen Ganglani of Rappler:

            "The state of the Philippine national basketball team took an unexpected turn on  Monday, August 24, when it was revealed that Los Angeles Lakers guard Jordan  Clarkson actually       acquired a Philippine passport before turning 16-years-old, making him eligible to suit up for Gilas Pilipinas."

Samahang Basketbol ng Pilipinas Director Sonny Barrios told Rappler on Monday in a phone call that reports of Clarkson’s eligibility to play as a “natural born” Filipino player were true.

With Clarkson not playing for the Philippines in international competition this summer, the up-and-comer will get back to focusing on being ready for training camp with the Lakers. The NBA preseason won’t get underway for the Lakers until Oct. 4 against the Utah Jazz in Honolulu, Hawaii. Training camp should get started during the final week of September.

Clarkson will join D’Angelo Russell and Julius Randle as the focal point on a talented young squad with a lot of prove during the upcoming season. Kobe Bryant will lead the pack as usual along with veterans newcomers Lou Williams, Brandon Bass and Roy Hibbert.- Lakers Nation

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