Taiheiyo to Get New P15B New Production Line

A new cement facility worth ₱15 billion will replace the current production line at Taiheiyo Cement Philippines, Inc. (TCPI) in San Fernando and will increase its capacity from 2,500 tons of clinker per day to 6,000 tons, or some three million tons of cement a year by mid-2024.

This comes after Taiheiyo Cement Corporation (TCC) committed to the Philippine Government during a state visit by President Duterte and Trade Secretary Lopez, to invest in the production of more cement to meet the demands of the government’s “Build! Build! Build!” program.

“TCPI will construct a state-of-the-art production facility, incorporating Taiheiyo’s high-level technology and experience to contribute to meeting the strong demand for cement in the Philippines,” its statement said.

The new production line will offer significant advantages in terms of energy efficiency and will reduce Carbon Dioxide (CO2) emissions from energy used in clinker production by more than 10 percent compared with the efficiency of the current line.

Additionally, it is expected that the higher quality clinker produced with the new line will enable a reduction in the clinker factor and thereby realize a further CO2 reduction per ton of cement produced, it added. Reducing greenhouse gas emissions is declared in TCC’s CSR objectives for 2025 and long-term vision of greenhouse gas emissions reduction toward 2050.

“Taiheiyo is committed to continue providing a sense of safety and security to societies in the Pacific Rim by demonstrating the Group’s overall capabilities to contribute to social infrastructure development and the delivery of environmentally efficient solutions,” their statement said.

Demand for cement in the country increased by 30 percent from 2015, reaching 32 million tons by the end of 2019, with TCPI contributing seven percent of the demand, according to company estimates.

While demand shrunk this year because of the coronavirus pandemic, the October 2020 World Bank East Asia and Pacific Economic Update expects it to rise again with strong gross domestic product (GDP) recovery, estimated to be at +5.3 percent next year.

TCPI aims to potentially further achieve five million tons per year, which represents an estimated 10 percent market share. (GFB)