PNoy Inaugurates Mill Facility of Multinational Cement Factory in Cebu City

President Benigno S. Aquino III on Friday led the inauguration of the new mill facility of cement company CEMEX Philippines in Naga City, Cebu province.

In his speech, President Aquino noted that the P3-billion facility would ramp up CEMEX Philippines’ operations by 1.5 million metric tons annually, for a plant output of 4 million metric tons of cement.

The cement industry, he said, is a large contributor to the current and successive rise of infrastructure across the Philippines.

Citing recent infrastructure projects that he recently visited – among them the new rice processing center in Negros Occidental, the cyber center in Bacolod City, the Lullutan Bridge in Isabela, the new school buildings and classrooms in Bulacan and Tarlac, and the SLEX Toll Road 4 project in Quezon – the President said the government is accelerating its infrastructure program as part of its comprehensive strategy to achieve widespread progress.

“Economic growth increases investor confidence in the country, which gives rise to new businesses—which, in turn, creates more jobs,” he said, adding that the people’s opportunities for progress will further broaden and the government would be able to collect more taxes, which will fund infrastructure and improve social services.

“With the confidence that comes with companies like CEMEX investing in us, we are assured of enough cement for all these infrastructure projects,” he said.

CEMEX S.A.B. de C.V., a Mexican multinational company which was founded in 1906, is one of the world’s three largest cement companies, with approximately 80 million metric tons of annual production capacity. PND (ag)