SHERA's P2.9-B fiber cement plant in Phl to commence operations in Q1

The Philippines is expected to reduce its reliance on imported fiber cement once the P2.9-billion plant of SHERA Public Company Limited – the largest fiber cement innovator in Southeast Asia – starts its operation in Pampanga in the first quarter of next year, President Marcos said.

- HELEN FLORES

Marcos made the remarks during his meeting with SHERA top executives on the sidelines of the 44th and 45th ASEAN Summit and Related Summits here on Wednesday.

“For the Philippines, of course we are very interested in this because of import substitution that it will provide. And hopefully, if things go well, you can use the Philippines as a center hub for export to wherever else other markets that you might want to enter,” Marcos said.

The Thai company will build its plant inside the TECO Industrial Park in Mabalacat, Pampanga. It will serve as SHERA's first overseas operations in the Philippines that could employ 120 to 150 full-time workers.