Heatcon Asia Signs 25-Year Lease at Clark Aviation Complex

Clark International Airport Corporation (CIAC) and aerospace supplier Heatcon Asia, Inc. signed a 25-year lease agreement on June 9, 2026, to establish a composite repair and manufacturing facility in the Philippines. The deal brings a direct supplier for The Boeing Company to the Clark Civil Aviation Complex, advancing regional efforts to build a dedicated Maintenance, Repair, and Overhaul (MRO) hub.

According to a press release issued by CIAC, the new facility will handle manufacturing, material distribution, and in-shop composite repair. Heatcon targets the second quarter of 2027 to commence operations at the site, backed by an initial investment of $2.94 million over the first three years of the lease.

Expanding the Clark Aviation Capital footprint

The agreement aligns with the mandate of the Bases Conversion and Development Authority (BCDA) to drive high-value industrial growth within the 2,367-hectare Clark Aviation Capital property. CIAC is actively marketing the zone to global enterprises specializing in aviation logistics, commercial warehousing, and high-tech Manufacturing.

CIAC President and Chief Executive Officer Jojit Alcazar and Heatcon Asia President Howard Victor Banasky formalized the contract during a signing ceremony. Alcazar noted the Partnerships supports the growing demands of the global aerospace industry.

“Heatcon’s facilities support major aviation players in the region, including Boeing, and are expected to further strengthen Clark’s position as an attractive destination for aircraft Maintenance, Repair, and Overhaul (MRO) services,” Alcazar said.

Heatcon’s Asia-Pacific supply chain strategy

Established in 1978, Heatcon manufactures hot bonders, heat blankets, and composite repair process materials for both commercial and Military-Aircraft sectors. Company management indicated the Clark facility will serve as a strategic hub to support a growing customer base across the Asia-Pacific region.

The move follows broader efforts by Philippine authorities to attract aerospace investment. In early 2026, the BCDA signed a memorandum of understanding with industrial real estate developer Berthaphil Inc. at the World Economic Forum to accelerate aviation-related industrial development at Clark. CIAC also heavily promoted the region’s MRO potential during the Singapore Airshow in February 2026.

AirPro News analysis

Securing a direct Boeing supplier like Heatcon provides tangible momentum for CIAC’s ambitions to rival established Southeast Asian MRO hubs like Singapore and Malaysia. While the initial $2.94 million investment is relatively modest for aerospace manufacturing, the 25-year lease commitment signals long-term confidence in the Philippine aviation sector. We view this agreement as a critical anchor tenant victory for the Clark Aviation Capital project. Attracting specialized component repair and composite material distributors often creates a clustering effect, drawing secondary suppliers and airlines seeking localized supply chains to reduce turnaround times for heavy maintenance.

Sources: Clark International Airport Corporation, Punto! Central Luzon, The Manila Times, Philippine Information Agency, Homes.ph