Philippines: DMCI Holdings will postpone developing a cement plant on Semirara Island following its acquisition of almost 90% of Cemex Holdings Philippines (CHP).
Herbert Consunji, chief finance officer of DMCI and president and CEO of CHP, said CHP's existing plants in Antipolo and Cebu better serve key markets in Luzon and Visayas, according to The Manila Bulletin. Transport costs from Semirara Island would result in an increase in cement prices.
The company will reconsider the project upon the renewal of its coal operating contract in July 2027.
