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.
In 2016, CEMEX Holdings Philippines debuted in the Philippine Stock Exchange. The shares began trading on PSE on July 18, 2016 under the ticker symbol “CHP.”
In 2018, CEMEX Go, our industry’s first integrated digital platform, was launched in the Philippines. Covering the full customer journey, CEMEX Go allows customers to place orders, track their shipments and order status, and enjoy full visibility of all information they need to better manage their business.
In 2019, we officially commenced the construction of a new cement line in our Solid Cement Plant in Antipolo City which will increase the total annual capacity of the plant from 1.9 million metric tons to 3.4 million metric tons.
In 2020, we launched our global Future in Action climate agenda to become a net-zero CO2 company by 2050. This paved the way for the introduction of our low carbon product line named Vertua.
In addition, we became the first ISO 50001 certified cement producer in the Philippines. Both of our plants, APO Cement and Solid Cement, have received the ISO Certification for Energy Management System (EnMS).
In 2021, we celebrated the 100th founding anniversary of our APO Cement Plant, the first cement plant in the Philippines. Since its establishment in 1921, APO Cement has helped build sustainable structures for families, communities, and the nation.
In 2022, we saw the completion of the longest bridge in the Philippines, the Cebu-Cordova Link Expressway (CCLEX). As sole supplier, CEMEX's APO Cement delivered nearly 70,000 metric tons of cement for the construction of this milestone project.
In 2023, CEMEX Philippines makes a distinct achievement as the first cement company in the country to be certified as a Great Place to Work®. This recognition showcases our commitment to creating a positive and inclusive work environment for our employees.
This year, we also launched Regenera, our circularity solutions program, which includes reception, management, recycling, and coprocessing of waste, with the end goal of building a cleaner environment for all.