Skip to main content

Eagle Cement projects receive tax incentives

Published by , Editor
World Cement,

The Filipino Board of Investments has approved two applications from Eagle Cement to expand its cement production capacity. The applications were approved under the Philippine’s Investment Priorities Plan, which provides both fiscal and non-fiscal incentives for the projects.

The Board of Investments approved a third line at Eagle Cement’s plant in Bulacan. The new line would add 2 million tpy to the plant’s existing 5.2 million tpy capacity for a price of PHP6.5 billion (around US$127.3 million).

South Western Cement Corp. (SWCC), a wholly-owned subsidiary of Eagle Cement, was also approved as a new producer of cement. The company is planning a PHP12.5 billion (around US$244.9 million) 2 million tpy cement plant in Cebu.

The SWCC plant is located in a so-called less-developed area. Approval of the project by the BOI enables the project to receive a six-year income tax holiday, as well as an additional deduction from taxable income equivalent to the cost of development of infrastructure facilities.

Read the article online at:

You might also like


Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »


Embed article link: (copy the HTML code below):