MACTAN ECONOMIC PROCESSING ZONE

Located adjacent to Lapu-Lapu City is the Mactan Export Processing Zone (MEPZ), an industrial tax-free zone that opened last 1979. The MEPZ includes approximately 35 business ventures, about 50 percent of which are Japanese-owned such as Asahi Pentax, Taiyo Yuden, NEC, and National Semiconductors. Other well-known locators are Fairchild Semiconductors, TMX, and United Technologies.

The MEPZ is divided into two divisions, MEPZ 1 and MEPZ 2. From six (6) firms in 1986,there are now over 100 firms located at MEPZ, employing close to 40,000 workers and generating export sales of $1.5 Billion in 1999.

As you can see, MEPZ is one of the biggest industrial zones in our country,their efforts have greatly contributed to our economy establishment today. Providing jobs for the people of Mactan, which in turn hepls in lessening the unemployed population of our country.It is considered to be a magnet attracting investors from different parts of the world.