Cemex’s APO cement plant in the Visayas will supply the required materials via its jetty port, considered the most modern facility of its type in the country to date. The Millennium Road Project’s first package comprises the rehabilitation of a 16km stretch of road, the replacement of one bridge, and the repair of two other bridges.
The total length of the road is approximately 222km, and the project is expected to make the road safer, and help improve the lives of the residents in neighbouring communities.
“The regional increase in cement volumes in Asia during the quarter reflects the positive performance of our operations in the Philippines,” says Fernando Gonzalez, Cemex executive vice president of finance and administration. In 2012, the Philippines had GDP growth of 6.6%, the second largest rate in Asia, behind only China, and in September 2012 Cemex said it is to expand the cement production capacity of its APO plant by 1.5 million tonnes/year via an investment of approximately US$60 million.
