BOI backs local cement industry after Republic Cement visit

The Board of Investments (BOI) recently visited Republic Cement’s Bulacan plant to gain deeper insights into the cement industry and identify ways to strengthen collaboration with one of the country’s leading local manufacturers.

The visit is part of the BOI’s broader initiative to immerse its team in key sectors that are driving national economic development.

During the tour, Republic Cement showcased its full operations, including its quarry, control room, kiln, mills, and innovative plastic waste co-processing system. The BOI team also visited the Bulacan agro farm, highlighting how responsible mining can coexist with agriculture.

“We go beyond compliance and are committed to sustainability,” said John Reinier Dizon, President of Republic Cement & Building Materials.

Led by Chief Investment Analyst Manuel Cruz and Acting Chief Arriane Antoni, the BOI delegation expressed appreciation for the warm welcome and valuable insights into the company’s role in fostering innovation and economic growth.

The visit also brought to light challenges faced by the cement sector, including the two-year inactivity of Republic Cement’s pyroprocessing operation, which the company attributed to the surge in cement imports.

Republic Cement Strategy Director Kemuel Garcia pointed out that government infrastructure projects account for nearly 40 percent of total cement demand. However, he noted that current procurement rules do not distinguish between locally produced and imported cement, placing domestic manufacturers at a disadvantage.

In response, BOI officials acknowledged the concern and reaffirmed their commitment to supporting local industries. They underscored the importance of advocating for policy reforms that ensure fair competition, promote robust local supply chains, and boost the competitiveness of Filipino manufacturers in both public and private markets.

“We are always open to working with the BOI on initiatives that support local industry,” Dizon added.