Displaying items by tag: Shera

Philippines: The Department of Trade and Industry (DTI) of the Philippines government has welcomed Thailand-based Shera’s upcoming US$50.4m Mabalacat fibre cement board plant in Pampanga. The DTI expects the plant to help to reduce the Philippines' reliance on imported fibre cement boards from 100%. The Manila Bulletin newspaper has reported that the plant, scheduled for commissioning in early 2025, is also expected to create 300 new jobs.

The Philippines’ trade secretary Cristina Roque said "This investment aligns perfectly with our strategic goals of becoming a global hub for manufacturing. By leveraging state-of-the-art technologies such as AI and Internet of Things, Shera is setting a new standard for innovation in the Philippines.”

Philippines: Thailand-based producer Shera announced that its upcoming fibre cement plant in Mabalacat, Pampanga, has reached 60% completion and is on schedule to commence commercial operations by January 2025. The plant will be the company’s first production facility outside Thailand, capable of producing 0.24Mt/yr of fibre cement. The Mabalacat facility will also export to Taiwan, South Korea and parts of North Asia and Oceania and will create jobs for up to 150 people.

Ongek Taechamahaphant, chair and director, said “Our Mabalacat plant is a major step in Shera’s plan to expand further in the Philippine market. We know that once this facility is fully operational by 2025, more Filipinos will easily be able to access our eco-friendly and durable fibre cement products.”

Philippines: Shera is investing US$36m to establish its first production hub in the Philippines. Announced by Thunnop Jumpasri, president and country head for Philippines and Malaysia, the move marks a significant expansion in response to the robust growth in the local construction sector.

The new facility, located in Pampanga, commenced initial operations in 2023 and is anticipated to be fully operational by October 2024. With an initial capacity of 100,000t/yr, expected to double in the coming years, the plant will create 150 jobs. After 15 years of supplying fibre cement boards from Thailand and achieving US$27m in Philippine sales last year, Shera aims for 10-15% growth in 2024.

Thunnop Jumpasri said "This will be our first plant outside of Thailand. We plan to export to other countries from the Philippines to Taiwan, Korea and some parts of China, but we prioritise the Philippines first for now."