Eagle Cement Bulacan, Cebu plants get BOI nod

EAGLE Cement Corp.’s proposed Bulacan and Cebu cement plants have received approvals from the Board of Investments (BOI) as an expanding producer and as a new producer of cement, respectively, with non-pioneer status under the 2017 Investment Priorities Plan (IPP).

The Ramon Ang-led cement maker said in a disclosure to the Philippine Stock Exchange (PSE) that its board has accepted the terms and conditions of the BOI’s Project Approval Sheet in connection with its application as expanding producer of cement in Barangay Akle in San Ildefonso, Bulacan on a non-pioneer status. The BOI approved the application in July, Eagle Cement said.