Taiheiyo Cement Corp. is investing almost P4 billion or 10 billion yen for a new cement distribution terminal in Calaca, Batangas, according to the Department of Trade and Industry.
Its local subsidiary, Taiheiyo Cement Philippines Inc. is headquartered in Cebu and is gearing for an annual sales volume target of 5 million tons or a 10-percent market share in the medium term. The terminal in Batangas will supply Luzon an additional 700,000 tons of cement annually.
Taiheiyo Cement signed a business agreement with Trade Secretary Fred Pascual during the state visit to Tokyo in February 2023, signifying its intention to expand its operations in the country.
Aside from the cement distribution facility in Batangas, Taiheiyo Cement will also upgrade its main facility in San Fernando, Cebu. It will reinforce the port area of its plant in San Fernando and increase the current production capacity of Kiln Renewal Plant to 3 million tons a year while reducing CO2 emissions intensity by 10%.
According to Special Trade Representative Dita Angara-Mathay, Taiheiyo Cement has been consistent in meeting its commitments to the government and that the Batangas terminal has been under consideration. Luzon is the biggest user of cement in the country.