CEMEX initially entered the Philippine market in 1997 with a minority investment of 30% in Rizal Cement Company, Inc., or Rizal Cement, a company which was established in November 1930. At the time of this initial investment, Solid Cement was a subsidiary of Rizal Cement. In 2002, Rizal Cement merged into Solid Cement. In 1999, CEMEX together with other investors purchased an aggregate 99.9% interest in APO Cement.
In 2011, we acquired our terminal facilities in Manila (the "Manila Terminal") and more generally continued the process of expanding our distribution infrastructure, including in particular to enable us to distribute cement in bulk from our APO Cement plant, thereby taking advantage of the APO Cement plant’s access to waterways.
In 2012, we expanded our APO Cement bulk shipping capabilities through our acquisition of two marine vessels.
In 2013, we began producing and selling ready-mix concrete, which allows us to provide customers with a variety of specially designed concrete mixes to meet the challenges of modern construction. Our plant is in Manila at the same site as our Manila Terminal. In 2013, we also commissioned our first admixtures facility in Parañaque, where we produce admixtures that are primarily used in our ready-mix concrete business.
In 2014, we continued our expansion at the APO Cement plant by adding a new cement mill with an additional installed annual capacity of 1.5 million tonnes of cement. The investment included adding marine terminals in Davao and Iloilo as well as expanding our bulk dispatch capabilities at our APO Cement plant.
In 2015, we started focusing on providing our customers with materials and solutions for cement-intensive pavement and housing projects, including by investing in specialized equipment, a mobile ready-mix batch plant and concrete molds for housing construction.