Cemex has announced plans to invest US$ 300 million in a new 1.5 million tonnes per year cement plant in the Philippines. The plant will be built at the company’s existing site in Luzon, and Cemex says it will increase is cement capacity in the Philippines by +25%.
Cemex CEO 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.”
Earlier this month Cemex inaugurated the expansion of its plant in Cebu, which it says is the largest cement plant in the Philippines. The company said this represented a US$ 80 million investment and increased the plant’s capacity by +40%. The company has also invested in a network of logistics centres in Visayas and Mindanao.
It has set up a US$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. Cemex added that it is already using alternative fuels such as rice husks and refuse-derived fuel (RDF) in the to minimise energy costs.
“We are preparing our facilities for the increasing demand in the Philippines, reiterating our commitment to support the development of the country,” said Cemex Asia president Joaquin Estrada. “We endeavour to be a partner of the Philippine government and the business community in ensuring growth and progress.”