Cemex is to build a new 1.5 million t cement production line at its Solid plant in Luzon, Philippines. The US$300 million investment will double the plant’s capacity and increase the company’s cement capacity in the Philippines by 25%.
Fernando A. Gonzalez, CEO of Cemex, 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.”
Cemex recently inaugurated the completed capacity expansion at its APO plant in Cebu, the country’s largest cement plant, as well as a network of logisitics centres. This US$80 million investment increased the APO plant’s capacity by 40% and helped improve distribution capabilities with additional terminals in Iloilo and Davao.
Joaquin Estrada, President of Cemex Asia, said that the company was preparing for the increasing demand in the Philippines. “We endeavor to be a partner of the Philippine government and the business community in ensuring growth and progress,” he said.
Cemex Philippines President Pedro Palomino added: “we are definitely here for the long run and we remain committed to helping build a better future for the Philippines”.
Cemex Philippines has also invested US$18.6 million in a waste heat-to-energy power plant, which will capture the excess heat in one of its cement plants to produce usable electricity. The company already uses alternative fuels such as rice husks and RDF as part of its fuel mix to minimise energy costs.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/asia-pacific-rim/14052015/cemex-to-build-new-line-in-philippines-840/