For Perez Brothers Inc., one of Guam’s two suppliers of ready-mix concrete and concrete block, the Guam military buildup triggered a multi-million dollar plan that has seen it upgrade facilities, partner with Asian investors, and enter two new business arenas.
The 60-year-old, family-owned local company will become the island’s second importer of bulk cement when it begins operations at its US$15m cement terminal, the first phase of which is to be operational by the end of the year. The terminal will more than double Guam’s cement storage capacity.
The first phase of the company’s terminal will include two silos each able to hold 3,000t of cement. The second phase, expected to be complete in 2012, will add a 15,000t silo to the facility situated on 1.2 acres leased from the Port Authority of Guam. Asia Cement Corp. will supply cement that meets standards set by the American Society of Testing Materials. Once the second phase is complete, Asia Cement will also supply ground granulated blast furnace slag.