Japanese cement producer Taiheiyo Cement Philippines, Inc. (TCPI) opened a PHP12.8 billion factory in San Fernando, Cebu, that aims to increase local output and lessen the nation's dependency on imports.
“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,” Department of Trade and Industry (DTI) Secretary AlfredoPascual said.
The inauguration also represents a major investment for the Philippines' infrastructure goals.
Energy efficiency
With energy-efficient equipment, the new plant stresses sustainability and is predicted to reduce carbon dioxide emissions by 10% when compared to its other production lines.
The new facility uses cutting-edge kiln renewal technology, which lowers carbon dioxide emissions by consuming less energy.
“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 said.
The opening of the manufacturing facility demonstrates the Philippine government's commitment to industrial growth and sustainable development through the Build Better More initiative.
Japanese boost
In addition to the new production line, Taiheiyo Cement has made large investments in other related projects. These projects include the PHP 3.1 billion Jetty and Marine Belt Conveyor project, PHP 1.4 billion Port Area Project, and PHP 3.7 billion Luzon Distribution Terminal Project
Through the Official Development Assistance program, Japan has contributed approximately USD 13 billion in grants and low-interest loans, significantly accelerating the nation's economic growth.
“Japan is a vital partner to the Philippines. It is our second-largest trading partner and third-largest source of foreign investment,” said Secretary Pascual.
