Pampanga Sugar Development Company

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, 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[3] at the administrative offices of Pasudeco.

At that time, de Leon and Gonzalez were the two richest men in Pampanga and the biggest Pasudeco shareholders.

[4] Capital Town is a 35.6 hectares (88 acres) development in San Fernando, Pampanga, standing in PASUDECO site.