DMCI Holdings, a Philippine conglomerate of David M. Consunji, active in construction, real state, energy, mining and water distribution, is interested to acquire Cemex Holdings Philippines (CHP). CPH owns the 2 plants of Apo and Solids Cement with a combined capacity of 5.7 Mta. In March this year a new 1.5 Mta kiln line (photo: early construction phase) of Solids Cement will be commissioned for total costs of US$ 356m. But due to the very competitive market in the Philippines, Cemex’ margins declined. At the end of 2022, the Cemex Group still had a net debt of US$ 8.825 bn, while the assets of CHP were US$ 792 m, which is roughly double the current share price.