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

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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.

URL: https://www.globalcement.com/news/item/8391-solid-cement-uses-us-75m-loan-to-upgrade-antipolo-plant

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