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News Surigao City anticipates economic boost from Pacific Cement reopening

Surigao City anticipates economic boost from Pacific Cement reopening

Written by Global Cement staff 04 March 2025
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Philippines: The Surigao City government has expressed optimism that the planned reopening of Pacific Cement Corporation (Pacemco) will revitalise the local economy and create jobs. Pacemco ceased operations on 5 May 2014 due to financial and operational difficulties. According to the Philippines News Agency, it owed US$1.5m to the Surigao del Norte Electric Cooperative, therefore its power supply was cut. At the time, 343 workers were reportedly placed on forced leave after the company stopped operations.

The mayor of Surigao City, along with other officials, conducted an inspection of the facility and groundbreaking activities are scheduled later in March 2025.

Last modified on 05 March 2025
Published in Global Cement News
Tagged under
  • Philippines
  • economy
  • Opening
  • PACEMCO
  • Asia
  • GCW699
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