In cement we trust
Republic Cement group will be investing $300-million to boost the capacity of all its integrated plants in Luzon and Mindanao, both milling and clinker production, by 2019. This would just be the first phase of planned capacity development activities of the joint venture between Ireland-based CRH and local conglomerate Aboitiz Equity Ventures. These investments, which will increase cement production capacity by 3 million tons per annum, assures continued supply of cement for the local construction sector in light of the strong demand for commercial and residential spaces and the current administration’s infrastructure plans. Republic Cement recently shared its expansion plans with the DTI Board of Investments (BOI). Present were (from left to right): Dr. Ceferino Rodolfo, undersecretary, DTI, ; Peter Buckley, chief operating officer, CRH Asia Pacific Pte. Ltd.; Renato Sunico, president, Republic Cement & Building Materials, Inc.; Sec. Ramon Lopez of the DTI; Peter Edwards, chief operating officer, Republic Cement Services, Inc., Roman Azanza III, first vice president, Aboitiz InfraCapital, Inc.; Reinier Dizon, vice president, strategy & business development, Republic Cement Services, Inc.