A leading German manufacturer of gypsum-based plasterboards will invest $50 million to set up a new plant in Batangas, a trade official said on Sunday night. “This investment is expected to generate 100 direct jobs at the start, which is expected to grow over time. Starting production capacity is 16 million square meters (of plasterboards) and they have provided space for future expansion,” he added. Knauf Gypsum Philippines Inc. had broken ground on its plasterboard and other building solutions plant within the Calaca Seaport in Batangas. Knauf’s project in the country is registered with the BoI and will be given fiscal and tax incentives under a pioneer status.

Source: Manila Times July 10, 2017 17:37 UTC