The closure is due to the continued losses of this operation resulting from lack of demand for ready-mix products and falling prices.
With a depreciated ready-mix market, concrete volumes dropped significantly from 51,000 cubic meters in 2001 to 30,000 cubic meters in 2003. Combined with a 30 percent decline in product prices during the same period, the company was forced to consider and implement the closure.
Cemex Concrete batching plant was commissioned in July 2000 and started commercial production in September of the same year. Cemex was the only multinational company that invested and participated in the ready-mix business.
Cemex is a leading global producer and marketer of cement and ready mix products, with operations primarily concentrated in the world’s most dynamic cement markets across four continents. Cemex combines a deep knowledge of the local markets with its global network and information technology systems to provide world class products and services to its customers, from individual homebuilders to large industrial contractors.
Cemex is represented in the Philippines by the Cemex Philippines group of companies. Under its wing are Apo Cement Corp. located in Naga, Cebu, and Solid Cement Corp. located in Antipolo, Rizal.