This year, CEMEX Philippines is set to officially inaugurate a range of investments that include a capacity expansion project in the largest cement plant in the country and a network of logistics centers in Visayas and Mindanao.
The completed project of CEMEX Philippines will enable its facility to increase cement production by 40 percent or an additional 1.5 million metric tons per year. This US$80-million investment also includes improved distribution capabilities with additional terminals in Iloilo and Davao. These developments are part of CEMEX’s commitment to being a reliable supplier of cement vis-à-vis the growing need for high quality building materials required for public infrastructures, commercial projects, and housing.
Meanwhile, CEMEX is seriously considering putting additional investments in the country. Members of the senior executive committee of CEMEX are visiting the Philippines as part of the global organization’s initiatives to reinforce its vision of building a better future.
Unlike other market expansion modes in use, CEMEX has chosen to invest directly in manufacturing and distribution in the Philippines; creating jobs and taking part in the multiplier effect of its commitment to the local economy.
In the recent analyst event dubbed CEMEX Day in New York, USA, CEMEX CEO Fernando Gonzalez presented the company’s portfolio which is geared towards high growth markets. The Philippines is reported to be achieving significant growth in Asia as its market continues to attract investors’ attention.
“We are preparing our facilities for the increasing demand in the Philippines, as we are definitely here for the long term. We endeavour to be a partner of the Philippine government and the business community in ensuring the growth of its nation,” said Joaquin Estrada, CEMEX Asia Regional President.
Aside from this upcoming investment in operation facilities, CEMEX Philippines in partnership with Chinese Sinoma Energy Conservation Ltd. is also building an US$18.6-million waste heat-to-energy power plant which will have the capacity to capture the cement plant’s excess heat to produce usable electricity. To date, CEMEX Philippines is already using alternative fuels such as rice husks and Refuse Derived Fuel (RDF) and it has reduced its use of coal to effectively minimize energy cost.
Since its entry to the Philippines, global building solutions company CEMEX has been contributing to nation-building efforts through its investment in operations, capacity expansion projects, research and innovation initiatives, and corporate social responsibility programs. Additionally, CEMEX’s operating model is anchored on strengthening local manufacturing which generates jobs for many Filipinos.
Apo Cement Corporation and Solid Cement Corporation are members of the CEMEX Philippines Group of Companies. These plants are the makers of the heritage cement brands APO and Rizal. In fact, Rizal Cement is celebrating its 100th year as a brand continuously spawning major landmarks and important infrastructures in the country.
CEMEX Philippines is a quality building solutions company and manufacturer of the eco-labeled cement brands in the country including Island Portland Cement, Rizal Portland Super, Rizal Masonry Cement, APO Portland Premium, APO Portland Cement, APO Masonry Cement, Palitada King and APO Pozzolan.