Cemex's Philippines projects

Cemex in the Philippines is providing cement for the Millennium Road Project. This is part of a US$214million infrastructure package that will connect 15 municipalities in Samar, a province located in the country’s Eastern Visayas region. Phase one is expected to reach completion by November 2013. Cemex’s APO cement plant, which is situated strategically in the Visayas, will supply the required materials via its jetty port, considered the most modern facility of its type in the country to date. The project
July 1, 2013 Read time: 3 mins
Cemex in the Philippines is providing cement for the Millennium Road Project

Cemex in the Philippines is providing cement for the Millennium Road Project. This is part of a US$214million infrastructure package that will connect 15 municipalities in Samar, a province located in the country’s Eastern Visayas region.

Phase one is expected to reach completion by November 2013.

3016 Cemex’s APO cement plant, which is situated strategically in the Visayas, will supply the required materials via its jetty port, considered the most modern facility of its type in the country to date.

The project is the result of an important public–private alliance between the Government of the Philippines and important local and global institutions, such as the 2707 Millennium Challenge Corporation, an independent US foreign aid agency that is helping lead the fight against global poverty.

The Millennium Road Project’s first package comprises the rehabilitation of a 16km stretch of road, the replacement of one bridge, and the repair of two other bridges.

The road begins at the junction of the Pan Philippine Highway and Buray (Wright) in Western Samar and passes along mountainous terrain to Taft. From Taft, it continues southward along the coastline of Eastern Samar ending in Guiuan.

The total length of the road is approximately 222km, and the project is expected to make the road safer and help improve the lives of the residents in neighbouring communities.

The Philippines was one of the highlights of Cemex’s performance in the first quarter of 2013.

“The regional increase in cement volumes in Asia during the quarter reflects the positive performance of our operations in the Philippines,” said Fernando Gonzalez, Cemex executive vice president of finance and administration.

In 2012, the Philippines had GDP growth of 6.6%, the second largest rate in Asia, behind only China. In September 2012, Cemex announced that it is expanding the cement production capacity of its APO plant in the Philippines by 1.5 million tonnes/year, consistent with its strategy of placing assets in markets with opportunities for growth.

Through an investment of approximately US$60 million, the company has said that it will increase production and strengthen its distribution network to better serve high-demand areas throughout the country. The increase is expected to be operational by the first quarter of 2014. Only recently, the company said that it expects to invest approximately $100 million (approximately 700 million Egyptian pounds) to significantly improve its operations in Egypt and continue supporting the country’s housing, commercial and infrastructure development.

“CEMEX is constantly providing industry-leading building solutions that help improve the well-being of the people of Egypt,” said Menendez.

“This investment is expected to support the sustainable development of Egypt for many generations."

For more information on companies in this article

Related Content

  • India’s longest tolled expressway is open to traffic
    January 2, 2013
    Earlier this year, a new expressway was opened to traffic in India, adding connectivity to the country’s road network - Mike Woof reports. India’s economic growth has fuelled a massive construction boom in the country. Road building has been set as a priority by the Indian Government to help ensure continued economic development and improve connectivity between major population centres. One major new expressway has recently opened to traffic, having been designed to international standards and provides insi
    Read More
  • Volvo CE bullish
    May 4, 2012
    Swedish-based firm Volvo Construction Equipment (Volvo CE) reports stronger-than-expected increases in demand from customers in Europe and North America. The firm says that this performance has helped boost third quarter sales. Steady sales in many markets having a positive impact on financial performance. Net sales in the three months of July-September rose by 18% to US$2.28 billion, compared with $1.94 billion in the same period last year and when adjusted for currency movements, net sales increased by 27
    Read More
  • Chinese firm wins highways expansion project to decongest Nairobi
    January 5, 2017
    A Chinese contractor is carrying out a major road project intended to cut congestion in Kenyan capital Nairobi – Shem Oirere writes Chinese contractor China Wu Yi has won a US$163 million contract for the reconstruction and expansion of a 25km highway leading out of Kenya’s capital Nairobi with financing from the World Bank. The contract was awarded by the country’s National Highways Authority (KeNHA), a state-owned road agency responsible for the management, development, rehabilitation and maintenance of i
    Read More
  • Chinese highway project under construction
    February 9, 2017
    China’s infrastructure expansion programme is in the process of transforming the country. Meanwhile its construction market is the largest in the world, comprising around 25% of the country’s US$11 trillion economy. However, slowing domestic growth in recent years has encouraged the Chinese Government to invest in key infrastructure projects in a bid to improve the country’s transport connections.
    Read More

Highlighted Content