# Taiheiyo Cement signs LOI for kiln renewal project in Philippines

Taiheiyo Cement Corporation signed a letter of intent to expand its operations in the Philippines with a kiln renewal project at its San Fernando, Cebu plant, valued at ¥30 billion (₱12.4 billion), to increase cement production capacity and reduce CO2 emissions.

- Type: Expansion
- Announced: 2023-02-10
- Where: San Fernando, Cebu, Philippines
- Value: $225.0M (30.0B JPY)
- Status: announced
- Products: cement, clinker
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Taiheiyo Cement](https://endata.com/companies/32760.md)
- [Taiheiyo Cement Philippines Inc.](https://endata.com/companies/51119.md)

## Sources

- [taiheiyo-cement.com.ph](https://taiheiyo-cement.com.ph/2023/02/16/taiheiyo-signs-loi-for-more-ph-investments/), 2023-02-16: "the intention of Taiheiyo Cement Philippines to expand (its) operations in the country with the kiln renewal project that will increase its cement production capacity"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.