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Thailand’s SHERA pours in P2B for PH factory

Thailand-based fiber cement board firm SHERA Public Company Ltd. is investing P2 billion in the Philippines for the construction of a manufacturing hub.

The factory, which will rise on a sprawling five-acre facility inside TECO Industrial Park in Pampanga, is expected to be operational within the year.

The firm eyes to hire between 120 and 150 employees to work at the plant.

Thunnop Jumpasri, the country head of SHERA in the Philippines, expressed optimism about the firm’s first venture outside Thailand, citing the evolving demand in the construction industry.

Seeing the Philippines as a prime market, Jumpasri said SHERA expects its revenue to grow 10 to 15 percent from the P1.5 billion recorded in 2023.

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