March 18, 2021 | 12:07 am Font Size
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THE Board of Investments (BoI) has approved the application of Trinx Bicycle Sport Technology Corp. as an export producer of bicycles that qualifies it for incentives.
In a statement on Wednesday, the BoI said the P356.4-million project will manufacture road and mountain bikes, foldable electric bikes, and other bike variants in Trinx’s proposed plant in Sta. Maria, Bulacan.
It added that the approval of the company’s application allows it to qualify for incentives under the export activities category of the 2020 Investment Priorities Plan.
Trinx is estimated to export at least 75% of its production to the United States and Europe, while the remaining output will be for the local market.
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