Skip to main content

DMCI considers entry into cement industry

Published by
World Cement,


Manila-based conglomerate, DMCI Holdings, is to enter the cement industry, according to local media reports. The company is planning a US$340 million investment in a new cement plant on Semirara Island, Philippines, to utilise the areas low-grade coal and limestone reserves.

Semirara already hosts DMCI’s subsidiary, Semirara Mining and Power Corp., which mines coal. According to DMCI Chairman and President, Isidro Consunji, the new cement plant would take advantage of the region’s geology to produce 2.3 – 2.4 million tpy of cement.

The company would fuel the kiln with the lowest-grade coal that is mines but for which there is currently no market. A captive 40 MW coal-fired power plant could also be fuelled by the company’s low-grade coal.

Demand for cement in the Philippines is currently ahead of what can currently be produced domestically, according to industry data cited by local news. As of December 2016, the Philippine cement industry had nameplate capacity of 28.63 million tpy. This includes integrated cement manufacturing, as well as grinding plants.

The company still requires the necessary permitting, Herbert Consunji, DMCI’s Chief Financial Officer, said, while the feasibility of the project is still being considered in light of other planned capacity expansions. “So this may still be held back, but we’re so confident to push this because production cost is so low,” Consunji added.

Read the article online at: https://www.worldcement.com/asia-pacific-rim/06062017/dmci-considers-entry-into-cement-industry/

You might also like

 WCT2020

WCT2020

WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »

 

 Spotlight

World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Construction news