Cemex to invest $300 million in the PhilippinesStaff writer ▼ | May 15, 2015
Cemex, S.A.B. de C.V. is undertaking a new $300 million investment in the Philippines. The new investment will include the construction of a new 1.5-million-ton, integrated cement-production line at Cemex's Solid Plant in Luzon.
Investing Integrated Cemex line at Solid Plant in Luzon
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 centers in Visayas and Mindanao. The inauguration of the new facility coincided with the Labor Day celebration and was likewise 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 percent, and helped improve distribution capabilities with additional terminals in Iloilo and Davao.
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.
To date, Cemex Philippines is already using alternative fuels such as rice husks and refuse-derived fuel (RDF) as part of its fuel mix to minimize energy costs. ■