Listed firm Century Peak Holdings Corp. said Monday its unit, Century Peak Cement Manufacturing Corp., recently started distributing its cement products in the Visayas, its first target market.
The cement products includes Century Cement’s Pro (blended hydraulic) and Prime (Portland) cement, which recently received a quality standard certification from the Department of Trade and Industry. This means the cement products meet or exceed Philippine product standards.
Century Cement, a new player in the cement market, is registered with the Board of Investments and enjoys a four-year income tax holiday. Its cement manufacturing facility in Pinamungajan, Cebu could produce 1 million tons of cement products a year. It has its own pier to facilitate the transportation of its products and is just two kilometers from a limestone quarry, the main raw material of cement production.
Century Cement hopes to take advantage of increased demand due to the government housing and infrastructure projects.
Higher demand for construction materials, including cement, has been steadily rising in recent months as the government and the private sector resume construction activity stalled by the pandemic.
