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News Solid Cement uses US$75m loan to upgrade Antipolo plant

Solid Cement uses US$75m loan to upgrade Antipolo plant

Written by Global Cement staff 28 November 2018
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Philippines: Solid Cement is using a US$75m loan from Cemex Asia to partly pay for a new production line at its plant in Antipolo, Rizal. The subsidiary of Cemex Holdings Philippines has made an initial withdrawal of around US$41m, according to the Manila Standard newspaper. The upgrade has a total cost of US$235m and it is scheduled completion in 2020. The new line will be supplied and built by China’s CBMI Construction.

Published in Global Cement News
Tagged under
  • Philippines
  • Solid Cement
  • Cemex Philippines
  • Cemex
  • Loan
  • Plant
  • Upgrade
  • CBMI Construction
  • GCW381
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