Mexican cement giant
In a recent visit to the Philippines of Cemex CEO Fernando A. Gonzalez and his executive team, highlighted by a meeting with His Excellency President Benigno S. Aquino III, Cemex emphasised its continued commitment to the growth of the country.
“We see a positive outlook in the business environment and we are committed to be a reliable cement supplier given the growing need for high quality building materials required for public infrastructure, commercial projects, and housing,” said Fernando A. Gonzalez.
Earlier this month, CEMEX Philippines officially inaugurated the completed capacity expansion in its APO plant in Cebu, the largest cement plant in the country, as well as a network of logistics centres in Visayas and Mindanao. The inauguration of the new facility coincided with the Labour Day celebration and was graced by President Aquino and several of his cabinet members. The $80 million investment increased Cemex’s cement production capacity in its APO plant by 40%, and helped improve distribution capabilities with additional terminals in Iloilo and Davao.
“We are preparing our facilities for the increasing demand in the Philippines, reiterating our commitment to support the development of the country,” said Joaquin Estrada, president of CEMEX Asia. “We endeavour to be a partner of the Philippine government and the business community in ensuring growth and progress.”
In addition, Cemex Philippines has set up an $18.6 million waste heat-to-energy power plant which will capture the excess heat in one of its cement production facilities to produce usable electricity.
