DMCI Holdings considering cement debut

DMCI Holdings considering cement debut
06 June 2017

Philippine conglomerate DMCI Holdings plans to enter the cement business with the potential construction of a cement plant to make use of low-grade coal and vast limestone reserves in Antique’s Seminar Island.

Speaking to local press, DMCI Chair and President, Isidro Consunji, said the plant could initially produce 5000tpd of cement. DMCI units Seminar Mining and Power Corp are already mining coal on Seminar Island.

“DMCI is doing development work,” Mr Consunji said, adding that a 40MW new power plant fuelled by low-grade coal would likewise be put up to serve the proposed cement plant.

DMCI Chief Financial Officer, Herbert Consunji, said the group was now studying this plan to debut into the cement business. He said the emerging plan was to put up a cement plant in Semirara Island with a capacity of 2.3-2.4Mta. (Source: Inquirer, Philippines)

Published under Cement News