Cemex

Benise Balaoing

ABS-CBN News

<div><br/></div><p>MANILA -- The Consunji group has completed its purchase of cement maker Cemex Philippines. </p><p>In a statement, DMCI Holdings said that together with Semirara Mining and Power Corporation and Dacon Corporation, it has bought Cemex Asian South East Corporation for $272 million.</p><p>This gives the group 90 percent ownership in CEMEX Holdings Philippines Inc.</p><p>DMCI Holdings said it has appointed its Executive Vice President and Chief Finance Officer Herbert M. Consunji as president of CEMEX Holdings Philippines to lead efforts to streamline operations and &quot;unlock synergies&quot; with other companies in the engineering conglomerate.</p><p>“Our priorities are to enhance the logistics network, optimize the product mix, manage production and operating costs, and leverage on potential operating synergies within the DMCI ecosystem,” Consunji said.</p><p>DMCI noted thsat CEMEX Holdings Philippines has an annual production capacity of 5.7 million tons that is expected to grow to 7.2 million tons by early 2025 upon the completion of an expansion plant.</p><p>DMCI Holdings said its net income fell by 23 percent to <a href="https://www.abs-cbn.com/business/2024/11/8/dmci-net-income-down-from-january-to-september-1151" rel="noopener noreferrer" target="_blank">P15.1 billion</a> form January to September because of weaker contributions from its energy, real estate, and nickel businesses.</p><div><strong>RELATED STORY:</strong></div><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/aHjtWjAHLWA?&amp;ab_channel=ANC24%2F7autoplay=1&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>The Consunji group has completed its purchase of cement maker Cemex Philippines.</p>

The Consunji group has completed its purchase of cement maker Cemex Philippines.

Consunji group completes acquisition of Cemex PH | ABS-CBN

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Consunji group completes acquisition of Cemex PH

Consunji group completes acquisition of Cemex PH

Benise Balaoing,

ABS-CBN News

Published Dec 03, 2024 12:49 PM PHT

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Updated Dec 03, 2024 05:24 PM PHT

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