Cemex invests $300m in Philippines

Cemex, is building a 1.5-million-ton, integrated cement-production line at its Solid plant in Luzon, Philippines. This would double the capacity of the Solid plant, and increase the company’s cement capacity in the Philippines by 25%t.

Cemex chief executive Fernando A Gonzalez  said: We see a positive outlook in the business environment and we are committed to be a reliable cement supplier given the growing need for high quality building materials required for public infrastructure, commercial projects, and housing,” Gonzalez said.

Earlier this month, Cemex Philippines inaugurated the completed capacity expansion in its APO plant in Cebu, and a network of logistics centers in Visayas and Mindanao. Aquino attended the inauguration of the project last May 1.

The $80 million investment increased Cemex’s cement production in its APO plant by 40 percent and improved its distribution capabilities with additional terminals in Iloilo and Davao.

Cemex Asia president Joaquin Estrada said the company is preparing its facilities for increasing demand in the Philippines.

Cemex Philippines said it has also set up an $18.6 million waste heat-to-energy power plant, which will capture the excess heat in one of its cement production facilities to produce usable electricity.

Source

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