Bulacan plant wins tax incentives for new kiln line

Holcim Philippines has secured tax incentives for its new kiln line in Bulacan province. The Board of Investments approved the company's application to register as a new cement producer for its Bulacan Line 3 project which will raise the cement capacity of the company to 2.478Mta.

The tax incentives include income tax holidays of up to six years from commercial operations for pioneer companies and four years for non-pioneer firms.

The Bulacan Line 3 project is part of a US$300m investment to hike its capacity by 30 per cent by 2020. The investment also incorporates the expansion of its plant in Misamis Oriental, which will have new kilns, mills and a waste heat recovery system.

Once all the projects are completed, Holcim Philippines will have a cement capacity of 13Mta.