BOI approves Php356M bike project, to boost demand
MAKATI CITY, March 17 -- The Board of Investments (BOI) recently gave the nod to the application of TRINX Bicycle Sport Technology Corp. (TBSTC) as a new Export Producer of Bicycles which qualifies the company for incentives under the Export Activities category of the 2020 Investment Priorities Plan (IPP). The P356.4 million project will manufacture road and mountain bikes, foldable electric bikes (e-bikes), and other bike variants in its proposed plant in Sta. Maria, Bulacan. TBSTC is expected to export at least 75 percent of its production to the United States and Europe with the rest t...
Source: pia.gov.ph