The Pampanga Sugar Development Company built the first Filipino-financed sugar central in Pampanga, Philippines. It was incorporated in April, 1918. 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, the capital of the rich sugar-producing province of Pampanga.