Cebu's attactiveness has led more than a hundred firms, with multinational companies like Mitsumi, Pentax Corp., Marine Colloids, Fairchild Semiconductor, Tsuneishi Heavy Industries, Muramoto Audio-Visual, Lexmark International, Asahi Optical, Teradyne, NEC Technologies, Timex, Olympus Optical, United Technologies, Maithland-Smith, Taiyo Yuden, and others to set up manufacturing plants on the most successful industrial estates, leading the whole country in exports with growth rates for the past decade averaged close to 20% higher than that of the entire nation. Government support and incentives provide a major impetus for its growth.


