The Pampanga Sugar Development Company built the first Filipino-financed sugar central in

Pampanga Pampanga, officially the Province of Pampanga (; ; ), is a province in Central Luzon in the Philippines. Lying on the northern shore of Manila Bay, Pampanga is bordered by Tarlac to the north, Nueva Ecija to the northeast, Bulacan to the east, ...

Philippines The Philippines, officially the Republic of the Philippines, is an Archipelagic state, archipelagic country in Southeast Asia. Located in the western Pacific Ocean, it consists of List of islands of the Philippines, 7,641 islands, with a tot ...

. It was established in 1921 by several local families in Pampanga. It is the oldest running mill in the province. The Pasudeco Sugar Central was finished in March, 1921, to serve as a central purchasing and processing company for the surrounding sugar plantations. Financed by the Pampanga Sugar Development Company, it was constructed by the Honolulu Iron Works. Its existence became a catalyst for the exponential growth of

San Fernando San Fernando may refer to: People *Ferdinand III of Castile (c. 1200–1252), called ''San Fernando'' (Spanish) or ''Saint Ferdinand'', King of Castile, León, and Galicia Places Argentina *San Fernando de la Buena Vista, city of Greater Buenos ...

, the capital of the rich sugar-producing province of Pampanga. On July 12, 1939, two of the founders, Jose de Leon and Augusto Gonzalez, as well as Constabulary Captain Julian Olivas, were gunned down at the administrative offices of Pasudeco. At that time, de Leon and Gonzalez were the two richest men in Pampanga and the biggest Pasudeco

shareholder A shareholder (in the United States often referred to as stockholder) of corporate stock refers to an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the ...

s. The 30-meter-high 1964

Chimney A chimney is an architectural ventilation structure made of masonry, clay or metal that isolates hot toxic exhaust gases or smoke produced by a boiler, stove, furnace, incinerator, or fireplace from human living areas. Chimneys are typical ...

3 was transferred to Capital Town gate in July 2022. Chimneys 1 and 2 at 45.73 meter each, which were made from 1918 to 1922 will be rebuilt by

Megaworld Megaworld Corporation () is a real-estate company in the Philippines. It is listed on the Philippine Stock Exchange Composite Index. The company develops large-scale, mixed-use, planned communities incorporating residential, commercial, educat ...

and relocated to Capital Mall. Capital Town is a development in

San Fernando, Pampanga San Fernando, officially the City of San Fernando (; ), is a Cities of the Philippines#Legal classification, component city and capital of the Provinces of the Philippines, province of Pampanga, Philippines. According to the 2020 census, it h ...

, standing in PASUDECO site. It features the 17-story Saint-Marcel Residences, with 361 "smart home" units - Chelsea Parkplace

condominium A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual own ...

named after Chelsea, New York

References

{{Philippine Registry of Cultural Property Cultural Properties of the Philippines Landmarks in the Philippines Companies based in Pampanga Sugar companies of the Philippines