Manila, Mar. 7.
The Government-owned National Development Ca. announced today that it was studying plans for the construction of a $2,000,000 rayon factory ju Manila capable of producing 3% tons of rayon daily, 300 days a year.
The output contemplated by the company would amount to one-third of the total rayon imports of the Philippines, 70 per cent of which comes from Japan.
Sr. Manuel Roxas, chairman of the National Economic Council, said today that if the N.D.C. directors approve of the plan, machinery will be purchased in the United States as soon as possible.
The plan envisages the use of bamboo, rice straw and wood pulp as raw materials. Sr. Roxas said that if the N.D.C. plant is a success, private Filipino capital will be encouraged to enter the rayon field in an effort to eliminate all rayon imports.
Officials of the N.D.C. revealed that today's board of directors' meeting received a proposition from a group of local Chinese merchants to handle the selling and distribution of the entire production of the N.D.C. textile plant which recently began manufacturing cotton textiles.
Details of the Chinese proposition were not revealed but it was understood the Chinese plan to develop the market locally and abroad among Chinese consumers who are boycotting Japanese goods.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.