The Department of Trade and Industry (DTI) Secretary Fred Pascual inaugurated a new PHP 12.8 billion production line at Taiheiyo Cement Philippines Inc. (TCPI) in San Fernando, Cebu on July 18.
“Taiheiyo’s new plant in San Fernando, Cebu will bolster the Philippines’ cement production by 3 million tons annually, reducing our reliance on imports. This investment aligns perfectly with our government’s Build Better More infrastructure program,” stated Secretary Pascual.
The advanced kiln renewal technology in the new plant is designed to reduce carbon dioxide emissions by at least 10% through decreased energy consumption and a lower clinker factor, supporting the country’s environmental goals.
“We commend TCPI for setting a new standard for environmentally responsible manufacturing in the cement industry. This advanced technology is set to reduce carbon dioxide emissions significantly. Taiheiyo’s San Fernando plant contributes to a greener future for our world,” Secretary Pascual added.
In addition to the new production line, Taiheiyo Cement has invested significantly in related projects, including PHP 3.1 billion for the Jetty and Marine Belt Conveyor project, PHP 1.4 billion for the port area, and PHP 3.7 billion for the Luzon Distribution Terminal Project.
These investments are expected to enhance bilateral trade and investment between the Philippines and Japan.
Japan has been a major contributor to economic growth in the Philippines, providing over USD 13 billion in grants and low-interest loans through the Official Development Assistance program. “Japan is a vital partner to the Philippines. It is our second-largest trading partner and third-largest source of foreign investment,” Pascual said.
The inauguration of this advanced manufacturing facility underscores the Philippine government’s commitment to sustainable development and industrial growth under the Build Better More program.
As the Philippines continues to experience robust economic growth, the government is focused on creating an attractive investment climate and enhancing the ease of doing business. Initiatives such as digitalizing regulatory processes and promoting free trade agreements are key to sustaining this momentum.
“To sustain this momentum, our country is committed to improving our business environment by enhancing the ease of doing business. We are streamlining and digitalizing institutional and regulatory requirements to improve speed and overall ease of doing business, especially for strategic investments,” Secretary Pascual emphasized.
“I urge Taiheiyo to sustain your investment in the Philippines and your collaboration with us as we welcome innovative and sustainable projects from your company. Together, we will continue to build a more robust and dynamic construction sector, driving economic growth, providing jobs, and improving the lives of Filipinos,” he added.
