By Catherine Talavera (The Philippine Star) | Updated June 7, 2017 - 12:00am
Coron, Palawan, Philippines – DMCI Holdings Inc. is eyeing to invest around $300 million to put up a cement plant in Semirara Island, in a bid to grow the company’s offerings.
In an interview over the weekend, DMCI chairman Isidro Consunji told reporters the potential cement plant on Semirara Island in Antique would have a capacity of around 2.3 to 2.4 million metric tons (MT) per year.
This will translate to a production capacity of around 5,000 MT a day.
The proposed cement plant will be near the mining site of its subsidiary, Semirara Mining Corp.
The company earlier revealed plans to invest in two thermal power plants near the cement plant and grinding facilities in Calaca, Batangas and Iloilo and Zamboanga, each with a capacity of 400,000 MT.
Asked where the company will sell its produced cement, Consunji said more than half would be
DMCI executive vice president and chief finance officer Herbert Consunji said the power plants would have combined capacity of around 40 megawatts (MW).
He said it would take more than three years to put up the power plant.
The CFO said the company’s venture into the cement business is in line with diversifying its business to grow the company.