's cement subsidiary has started to operate its plant and port facilities in Mariveles, Bataan to support the group's comeback in the cement business. Speaking at the inauguration of the facility,
said
With an initial annual capacity of two million tons, the facility has highly automated equipment and would allow Philcement to serve the country's growing demand for cement. "Cement is key to infrastructure.
More importantly, a reliable supply of quality cement is one of our reasons for returning to cement. We believe in this government's Build Build Build program and we want to help ensure the success of this program by augmenting supply and offering the highest quality so that the critical projects will see many years of service and support for the longer term Philippine Development Plan and the Ambisyon Natin 2040," Del Rosario said.
In 2018,
With the return in the cement business, he said the company is aiming to capture around 12 percent of the market. While Philcement would be repackaging cement imported from
Del Rosario said Philcement also expects to benefit from the Bataan facility in terms of transporting cement from the source to its markets at the most efficient ways and costs possible in large quantities. Even as there are opportunities for Philcement amid infrastructure projects being implemented in the country, the firm also faces challenges including the safeguard duty imposed on cement imports ordered by the
The country's group of importers has filed an appeal on the safeguard measure and the company is waiting for the
Apart from cement,
© Pakistan Press International, source