The Clark Freeport Zone, the economic engine adjacent to Angeles City, is reinforcing the Philippines’ food security value chain after COEX Inc. renewed its 25-year lease with the Clark Development Corporation (CDC) on February 19, 2026.
COEX Inc., which has operated within Clark since 2001, manufactures co-extruded agricultural films and agro-chemical products that play a vital role in the country’s agricultural supply chain. The long-term lease renewal signals the company’s deep commitment to the region and confidence in Clark as a strategic manufacturing base.
Strengthening the Agro-Chemical Supply Chain
COEX’s products are essential to Philippine agriculture — their co-extruded films are used in greenhouse farming, mulching, and crop protection, helping farmers increase yields and reduce losses. By renewing its Clark lease for another 25 years, COEX ensures continuity of supply for these critical agricultural inputs while maintaining its workforce in the Pampanga region.
The renewal was welcomed by CDC officials as a vote of confidence in the Freeport Zone’s business environment and infrastructure. It also aligns with national priorities around food security and agricultural resilience — key concerns as the Philippines works to strengthen domestic food production.
Private Sector Investment Continues to Flow into Clark
COEX’s lease renewal is part of a broader wave of private sector investment flowing into Clark in 2026. From BPO expansions to aviation and manufacturing, the Freeport Zone continues to attract companies looking for a strategic Central Luzon base — with Angeles City serving as the primary residential and commercial hub for Clark’s growing workforce.
Other recent investments include a 25-year lease agreement between Clark International Airport Corporation (CIAC) and Heatcon Asia, Inc., a Boeing supplier, further diversifying Clark’s economic base and creating more employment opportunities for residents of Angeles City and surrounding communities.
What This Means for the Region
Long-term commitments from established manufacturers like COEX provide stability and predictability for the local economy. For Angeles City residents, each new or renewed Clark investment translates to job opportunities, business activity, and community development.
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