![Cemex Solid Cement New Line](https://ccf2up.com/wp-content/plugins/phastpress/phast.php/c2VydmljZT1pbWFnZXMmc3JjPWh0dHBzJTNBJTJGJTJGY2NmMnVwLmNvbSUyRndwLWNvbnRlbnQlMkZ1cGxvYWRzJTJGMjAyNCUyRjAyJTJGQ2VtZXhfU29saWQtQ2VtZW50LV9OZXctTGluZS0xMDI0eDYzNi5qcGcmY2FjaGVNYXJrZXI9MTcwNzM3NTUzNi0xNDA1NDAmdG9rZW49NmQ4OThmN2ViODA1ZTZmNw.q.jpg)
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.