Century Peak Cement Manufacturing Corp., the newest player in the local industry, launched its operations and began selling products in the Visayas.
Listed-firm Century Peak Holdings Corp. owns CPCMC, which operates a cement facility in Pinamungajan, Cebu.
CPHC said in a disclosure to the stock exchange Monday its cement unit started distributing cement to its target markets in the Visayas after receiving quality standard certification for its Pro (blended hydraulic) and Prime (Portland) cement products from the Department of Trade and Industry.
CPHC said the start of its cement operations came at an opportune time as government programs were geared towards constructions through mass housing, road and transportation projects and other big infrastructure projects which would result in increase in demand for cement products.
“We are looking at the markets where we can make an impact and the Visayas region, particularly in Cebu, Palawan, Mindoro, Bohol and Dumaguete, are included in our initial phase of distribution” CPCMC vice president for finance Katrina Keng said.
Keng said the company was targeting the underserved localities that may not have much option in terms of cement brands.
CPCMC’s facility has its own pier and allows for efficient logistics in getting the cement products via barge transport anywhere in the country, especially in the Visayas. The plant has the capacity to produce 1 million metric tons of cement annually.
“As a locally-developed brand, we put first the interest of the nation and our countrymen. It begins, naturally with our product that meets the standards set by the certifying bodies that ensure quality,” Keng said.
CPHC, formerly known as Century Peak Metals Holdings Corp., expanded in 2019 its purpose to engage in and carry on general construction and construction-related activities, land reclamation and development activities, real estate development or any real estate activities, mining activities and mining-related activities, power and energy activities and power and energy-related activities in the Philippines.