Listed-firm Century Peak Holdings Corp. on Tuesday said its construction-related business has secured quality standard certification for its blended hydraulic and prime or Portland cement products from the Department of Trade and Industry (DTI).
The certification means that Century Peak Cement Manufacturing Corp.’s variants have met or exceeded the requirements set by the Bureau of Philippine Standards, which is also the final hurdle before the brand is sold in the market this month.
As the newest player, Century Peak Cement will primarily engage in the manufacture, production and merchandising of cement and its by-products, including its derivatives and all kinds of minerals and building materials.
“Evolving to include cement manufacturing proved to be natural for the business as a sister firm operates a mining site that yields a lot of limestone which we can now translate to another revenue-generating endeavor. With our own pier located near the plant, we can easily transport our cement products throughout the country in a more cost-efficient manner,” Katrina Keng, Century Peak vice president for finance, said.
Located in Pinamungajan, Cebu, the manufacturing plant sits some two kilometers from the initial quarry site of another Century Peak subsidiary, Century Peak Mineral Development Corp., which is the source of the limestone raw material used for producing cement.
It is the first industry in the municipality with a capacity of 1 million tons of cement annually that provide jobs to some 200 people and close to a thousand indirect beneficiaries.
Its entry comes at an opportune time as government programs are geared toward creating affordable mass housing and road and transportation projects expected to increase demand for its products.
The company also holds a Board of Investment (BOI) incentive granting a four-year income tax holiday from the registered start of commercial operation.
“We want to be relevant not only to the growth of our holding firm’s business but, more importantly, to the construction industry that provides lasting infrastructure necessary to realize economic progress for the country,” Keng said.
Century Peak, formerly Century Peak Metals Holdings Corp., expanded its operations in 2019 to include general construction and construction, land reclamation and development, real estate development or any real estate activities, mining activities and mining-related activities, power and energy activities and power and energy-related activities in the Philippines.
