Shipbuilding firm to invest $100M in 2007 expansion

THE town of Balamban is expected to grow further next year with the expansion of a large ship manufacturing company located in the municipality. In an interview, Aboitiz and Co. president and chief executive officer Jon Ramon Aboitiz said Tsuneishi Heavy Industries Inc. (THII) would invest some $100 million for the expansion of its shipbuilding capacity, which will begin next year,