Displaying items by tag: Board of Investments

Philippines: The Board of Investments has approved China-based Sinoma Energy Conservation as the operator of a new 4.5MT waste heart recovery (WHR) unit that will be built at an unnamed cement plant in Naga, Cebu. The project has a budget of US$10.5m, according to the Manila Bulletin newspaper. Commercial operation of the unit is scheduled for the first quarter of 2022.

Philippines: Holcim Philippines plans to build a new cement plant in Bulacan province have been approved by the Board of Investments. The 2.5Mt/yr Bulacan Line 3 plant is part of the company US$300m investment drive to increase its production capacity by 30% by 2020, according to the Manila Times newspaper. The approval also grants the projects tax incentives covered by the government’s investment code.