CEMEX opens P3B cement mill in Cebu
MANILA, Philippines – CEMEX Philippines opened a new P3-billion cement mill at its Apo Cement Plant in Naga City, Cebu, as part of its comprehensive expansion plan in the country, on Friday, May 1.
President Benigno Aquino III led the inauguration of the 3,433-square-meter facility, which signifies the rosy prospects for the local cement and construction industries, said company officials.
The mill increases the capacity of CEMEX’s Apo Plant by 1.5 million metric tons per year or an additional 40% in total production capacity of CEMEX Philippines.
During its construction, the project generated an estimated 800 jobs. Apo Cement Corporation employs around 950 regular and direct contract personnel.
“Our interest in the country remains very high, and we continue to study closely new opportunities as we see how the administration is doing a very good job in boosting inclusive growth efforts and economic standing,” said Joaquin Estrada, CEMEX Asia president.
Aside from the cement mill in Cebu, CEMEX Philippines has finished the construction of new marine distribution terminals located in Manila, Iloilo, and Davao at a total cost of P1 billion.
CEMEX Philippines has also invested in new businesses recently, involving ready-mix concrete, aggregates production and distribution, concrete pavements, and affordable housing solutions.
Founded in Mexico in 1906, CEMEX is a global building materials company that produces, distributes, and sells cement as well as related building materials in more than 50 countries. – Rappler.com