Big Boss Cement Inc., a new company in the cement industry led by businessman Henry Sy Jr., on Thursday asked the Board of Investments to reconsider its application for tax incentives under the 2017 Investments Priorities Plan.
Big Boss president Gilbert Cruz said the BoI was taking a second look at the company’s technology producing the greenest cement product in the country.
“The Trade Department and the BoI probably realized that ours is a game-changing technology. They began communicating with us and asked us to resubmit our application,” Cruz said during the launch of the company in Pasay City.
The BoI rejected the company’s initial application because of the limitation in the IPP. The IPP states that incentives should be given only to cement companies using clinker in the manufacture of portland cement.
Big Boss, a manufacturer of pozzolan cement, does not use clinker.
