Manila: The local cement industry in the Philippines is projected to experience a recovery in the medium term, driven by robust infrastructure spending and a rising demand for housing. Herbert Consunji, president and CEO of Concreat Holdings Philippines (CHP), highlighted this positive outlook during the company’s 2025 annual stockholders’ meeting on Monday, despite the industry currently facing short-term challenges.
According to Philippines News Agency, Consunji indicated that cement demand had weakened in 2024 due to factors such as lower prices, increased imports, and global uncertainties. However, he expressed optimism for a rebound supported by government infrastructure initiatives and unmet housing needs. Consunji noted that infrastructure remains a government priority with spending commitments amounting to at least 5 percent of the country’s gross domestic product (GDP).
Consunji further pointed out that the Philippines’ per capita cement consumption lags behind other countries in the region, suggesting significant potential for growth. He highlighted the projected housing backlog, expected to reach 10 million units by 2028, as a substantial opportunity for the cement industry.
To capitalize on these opportunities, Consunji announced that CHP has completed a major expansion project with the Solid Cement Plant in Antipolo City becoming fully operational as of April 2025. This new 1.5-million-ton line enhances the company’s total annual capacity by 26 percent, bringing it to 7.2 million tons.
Additionally, CHP has reintroduced Ordinary Portland Cement to support large-scale projects nationwide. The company is also focusing on sustainability and cost-efficiency by utilizing alternative fuels, including plastics and used rubber tires. Consunji emphasized the importance of leveraging the full capabilities of the DMCI group to drive transformation, including reducing reliance on imported fuel and minimizing foreign exchange exposure by increasing the use of locally sourced Semirara coal.
Consunji also revealed plans for expanding CHP’s distribution network in the Visayas and Mindanao regions, aiming to further strengthen the company’s market presence and accessibility.
