DMCI spends P18.3B to build cement plant in Semirara Island

6 Dec

businessmirror.com.ph 04 Dec, 2016

DMCI Holdings Inc., is putting up a cement plant on Semirara Island in the Visayas worth P18.3 billion. The company will be building a cement plant and three separate grinding plants located in Batangas, Iloilo and Zamboanga. It will have a capacity of 1.7 million metric tons per year and a 400,000 metric ton capacity for the grinder. It will also put up a 30-MW thermal power plant costing about P3.98 billion. The grinding plant in Calaca, Batangas, will cost some P2.488 billion and P1.74 billion each for its plants in Zamboanga and Iloilo. The entire project may take between 2-3 years to complete. 70 percent of the cost will be funded by debt and the rest will be by equity.

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