Philippines: The Board of Investments (BOI) has approved Eagle Cement’s application to build a third production line at its Bulacan cement plant. The cement producer plans to increase the site’s clinker production capacity to 4.2Mt/yr from 2.8Mt/yr and its cement production capacity to 7.1Mt/yr from 5.1Mt/yr, according to the Philippine Star newspaper. The upgrade has a cost of around US$138m.
The BOI, part of the attached agency of Department of Trade and Industry, has also approved an application by Eagle Cement’s subsidiary South Western Cement Corp. (SWCC) to become a new cement producer on a non-pioneer status but with pioneer incentives.
