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News Philippine Board of Investments seeks investors in cement sector

Philippine Board of Investments seeks investors in cement sector

Written by Global Cement staff 20 June 2017
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Philippines: The Board of Investments (BOI) is seeking investment in the cement sector as it expects demand to double to 40Mt/yr by 2020 due to a peak in government infrastructure spending. At the same time Department of Trade and Industry (TI) Undersecretary for industry promotions group Ceferino S Rodolfo confirmed that two companies are preparing to build new integrated plants, according to the Manila Bulletin newspaper. Both companies are obtaining permits for their projects but Rodolfo would not confirm their identifies. DMCI Holdings was reported in the local press as being interested in building a plant Antique's Semirara Island in early June 2017.

Last modified on 21 June 2017
Published in Global Cement News
Tagged under
  • Philippines
  • Board of Investments
  • Department of Trade and Industry
  • demand
  • Forecast
  • Investment
  • Plant
  • Infrastructure
  • DMCI Holdings
  • GCW307

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