REPUBLIC Cement Corp., a joint venture of Ireland-based CRH and conglomerate Aboitiz Equity Ventures, will be investing an initial $300 million (P15 billion) for its capacity-development activities.
The first phase of these activities, targeted for completion by 2019, focuses on increasing the capacity of all its integrated plants in Luzon and Mindanao, both milling and clinker production.
Several new mills in these areas will increase cement production by 3 million tons per year.
In addition to new mills, improved process technology will drive higher clinker output from all of its four Luzon plants, equivalent in capacity terms to a new kiln-line investment.
A second and concurrent phase of investment is anticipated in 2018 to develop significant new clinker capacity. These investments will help ensure a 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 aggressive infrastructure plans.