President Rodrigo Duterte’s infrastructure overhaul is expected to drive demand for cement and create a “multiplier effect” in the construction sector, according to an official at Cemex.
As the government builds more roads, bridges, railways and airports, the private sector will match this with new houses and commercial spaces, said Cemex Holdings Vice President for Investor Relations, Paul Arcenas.
Cemex told the stock exchange on Thursday that its unit, APO Cement Corp, has partnered with China’s Sinoma Energy Conservation Ltd to build and operate a waste-heat-to-energy facility in APO’s Naga, Cebu compound.
