Cement News tagged under: Solid Cement

RSS feed

Cemex breaks ground on new line in the Philippines

24 May 2019, Published under Cement News

Cemex Holdings Philippines (CHP) has broken ground on its new US$235m line at the plant of its subsidiary, Solid Cement, in Antipolo, Rizal. Upon completion, the expansion is expected to increase Solid Cement’s capacity to 3.4Mta from 1.9Mta. "The continuous investment and expansion of Cemex in the Philippines is a reflection of its profound commitment to help the Philippine government in its quest to build a stronger nation. With the expansion of our operations, we shall be able to suppo...

Cemex Holding Philippines plans SRO

08 April 2019, Published under Cement News

Cemex Holdings Philippines Inc plans to increase its capital stock by more than triple to raise finds through a potential stocks rights offering (SRO). "Cemex Holdings became one of the most actively-traded stock (last week) after it disclosed its plan to increase its authorised capital to enable itself to raise finds via SROs or other fund-raising option," said Jervin S de Celis of Timson Securities. Cemex is aiming to raise up to US$250m to improve its capital structure, provide flexibil...

Solid Cement Corp has BOI approval as a new manufacturer

31 January 2019, Published under Cement News

Cemex Holdings Philippines has secured board of investment approval for its Solid Cement Corp subsidiary to become a new cement producing company. Solid Cement had 'pioneer status' for its Antipolo City production line, but with non-pioneer incentives. The non-pioneer incentive meant that Solid Cement was exempt from paying income tax for four years from the start of commencing commercial operations. Solid Cement is currently planning to expand its production line to 3.4Mta.

Solid Cement borrows US$75m from related company

27 November 2018, Published under Cement News

Solid Cement, an operating subsidiary of Cemex Holdings Philippines, is borrowing US$75m of subordinated revolving credit from Cemex Asia. The money will be used to refinance existing debt, alongside funding the construction and installation of the new 1.5Mta line at the company’s Antipolo facility. Solid Cement has made an initial drawdown on this facility equivalent to approximately US$40.7m, according to the Manila Bulletin. The company has also entered into the principal project agreem...

Cemex to invest US$235m in Philippine expansion

19 October 2018, Published under Cement News

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 Cemen...

Cemex allocates PHP3bn towards start of Solid Cement's expansion

07 June 2018, Published under Cement News

Cemex Holdings Philippines Inc has allocated PHP3bn (US$57.1m) this year towards building its new production line at its Antipolo cement factory in Rizal. Cemex Holdings Philippines is investing a total of US$225m for the Solid Cement expansion project. The new line will expand Solid Cement’s capacity from 1.9Mta to 3.4Mta.

 "Specific to the Solid Cement plant expansion – PHP2.5bn to PHP3bn this year," said Cemex Holdings Philippines president and CEO, Ignacio Mijares, at a stockholders ...

Cemex receives environmental approval for Solid Cement expansion

18 December 2017, Published under Cement News

Ceemex has been given the all clear from the Department of Environment and Natural Resources (DENR) for the its proposed expansion of its cement plant the Antipolo City, Rizal, Philippines. The Solid Cement Corp (SCC) plant will be expanded by 1.5Mta, doubling cement capacity at the facility with the new line. Cemex Holdings Philippines (CHP) signed a contract with CBMI Construction Co Ltd to commence the first phase of SCC's expansion project in Antipolo City in May 2017.

Cemex and CBMI sign contract for Solid line

06 June 2017, Published under Cement News

Cemex Philippines has signed a contract with CBMI for the construction of a new kiln production line in the Philippines. The contract involves the design and engineering works of a new 1.5Mta integrated production line at Cemex’s Solid Cement plant in Rizal. The scope of the order spans raw material crushing right through to packaging and dispatch and covers engineering, equipment supply, civil work, erection, training and commissioning. It is the first cooperation between CBMI and C...

Cemex

05 April 2012, Published under Cement News

Cemex is to construct a waste heat recovery plant at its Solid Cement’s Antipolo works in the Philippines. This will have a capacity of 6MW and is being constructed by a Chinese company, using it own technology. The company’s US volumes have benefited from favourable weather during the early months of 2012 and during the first two months of the year cement volumes were ahead by in excess of 20%. A US$5/t price increase was introduced in some markets in January and further price increases ...