Home Business Henry Sy Jr. firms to invest P7-B for cement plants in Pampanga

Henry Sy Jr. firms to invest P7-B for cement plants in Pampanga

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CITY OF SAN FERNANDO — Two sister companies led by business mogul Henry Sy Jr. are set to invest P7 billion Pampanga as well as P3 billion in Zamboanga for cement plants.

The Pampanga plant would be more expensive because it would include prototypes as the firm was perfecting its technology.

The Big Boss Cement, Inc. (BBCI), the country’s newest cement player using a unique environment- friendly process, and its sister company which was not immediately named would build a total of four “cement lines” in Pampanga and two in Zamboanga del Norte, the firm said in a report.

BBCI president Gilbert Cruz said the two firms are owned by shareholders led by BBCI chairman Henry Sy Jr.

Cruz said each line has a capacity of one million bags of cement a month and BBCI has already completed two lines in Pampanga with two more lines to be finished by the first quarter next year for a total capacity of four million bags.

He said the completion of the second line in Pampanga now allows the firm to off er bulk cement and launch two bulk cement products that would cater to the ready-mix concrete market as well as for precast applications.

In Zamboanga, the first production line would be around November at a cost of P1.5 billion. Another P1.5 billion would be shelved for the next line.

Cruz said they are also planning to put up more plants in areas such as General Santos, Negros, and Iloilo with the aim of reaching a total capacity of 12 million bags in five years.

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