Cebu Cement Plants Soon to Rise in 2001

Two cement factories will soon be erected in the Cebu towns of Ginatilan and Malabuyoc as international cement manufacturers expect demand for cement to increase in the year 2001.

International cement manufacturers like Cemex of Mexico and Lafarge of France were now operating cement plants in the province – Apo Cement in Naga and Lloyds Richfield in Danao City, respectively.

According to reports, other foreign giants have also bought stakes in other local firms: Blue Circle of the United Kingdom, in Fortune Cement and Mindanao Portland Cement; and Holder-bank of Switzerland, in Union Cement. In addition to Apo Cement, Cemex, the world’s third largest cement maker, also brought stakes in Rizal and Solid Cement.

International manufacturers are investing so much for cement production in the Philippines because they have seen future profits in the country.

 According to source, the cost of a cement plant would depend on its capacity, location and distance. Putting up of industrial plants in Cebu is a wise decision, as it would form good components of the economy.

After its completion, more workers will be needed to work in the factory and there would be lesser-unemployed citizens.

 - EOB