San Miguel Corp. said Thursday it plans to double the capacity of its P10-billion advanced cement manufacturing facility in Davao to reduce reliance on imports and avoid delays in delivering critical infrastructure projects in the region.
SMC president and chief executive Ramon Ang said cement unit Southern Concrete Industries Corp., previously Oro Cemento Industries Corp., planned to work immediately to expand the new cement grinding plant, which started commissioning in late 2021. Full commercial operations are expected by July 2022.
The facility, which started construction in 2018, uses the latest technology and world-leading brands in cement grinding and pollution abatement.
It received fiscal incentives from the Inter-Agency Fiscal Incentives Review Board chaired by Finance Secretary Carlos Dominguez III.
“We are grateful for the support of government and our communities in Darong, Davao del Sur, who immediately saw the many benefits and advantages of this modern cement facility,” Ang said.