Cemex to invest US$235m in Philippine expansion

Cemex Holdings Philippines plans to expand capacity at its subsidiary’s facility in Antipolo City, Rizal, at an estimated investment cost of US$235m. Solid Cement Corp has signed project agreements with China’s CBMI Construction Co Ltd for the procurement, construction and installation of the new line, according to a disclosure to the stock exchange.

The project is expected to increase capacity by 1.5Mta, boosting Cemex’s total capacity in the country by 26 per cent. Currently, Solid Cement operates 1.9Mta and serves the markets of southern Luzon and the National Capital Region.

The new line is anticipated to begin production by the fourth quarter of 2020.