The Daily Tribune
Marcos welcomes Thai firm’s P2.9-B cement investment plan
President Ferdinand R. Marcos Jr. welcomed the plan of Thai firm SHERA Public Company Ltd. to invest at least P2.9 billion in the Philippines for a fiber cement production facility.
This marks SHERA's first overseas operation, with the plant to be established inside TECO Industrial Park in Mabalacat City, Pampanga.
The facility is expected to commence operations in the first quarter of 2025 and employ 120 to 150 full-time workers.
President Marcos hopes the Philippines will serve as SHERA's "center hub for export" and contribute to import substitution.
He also commended SHERA for its environmentally friendly manufacturing approach and products.
Marcos noted that SHERA's ready-to-build materials could help address the country's housing backlog.
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