Thailand's Shera Public Co. Ltd invests ₱2.9B to establish fiber cement plant in Mabalacat City, creating 150 jobs and reducing cement imports.

President Ferdinand Marcos Jr. announced the investment of ₱2.9 billion by Thailand's Shera Public Co. Ltd. to establish a fiber cement plant in Mabalacat City, Pampanga. Set to begin operations in Q1 2025, it will create up to 150 jobs and help reduce cement imports. This marks Shera's first overseas venture and aligns with the Philippines' goal of becoming a hub for sustainable manufacturing, supported by expedited processing from the Department of Trade and Industry.

October 10, 2024
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