The Pampanga Sugar Development Company built the first Filipino-financed sugar central in Pampanga, Philippines. 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, 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 shareholders. The 30-meter-high 1964 Chimney 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 and relocated to Capital Mall. Capital Town is a 35.6 ha development in San Fernando, Pampanga, standing in PASUDECO site. It features the 17-story Saint-Marcel Residences, with 361 "smart home" units - Chelsea Parkplace condominium named after Chelsea, New York