Having only recently acquired Cemex Holdings Philippines Inc., engineering conglomerate DMCI Holdings Inc., the holding company of the Consunji group, is on the lookout for copper and gold assets to acquire.
Isidro Consunji, company chairman, president and CEO, also said the business is looking to acquire an additional coal mine in Mindanao, particularly one operating as an open pit.
“Aside from that, we intend to continue with our aggressive organic growth,” Consunji said at the company’s annual stockholders’ meeting.
On its Cemex acquisition, Consunji said the synergetic effect with the construction arm, DM Consunji Inc., by providing new markets for cement, and for Semirara Mining and Power Corp., for being able to sell coal to both cement plants and fly ash to cement plants.
Consunji said the DMCI enterprise has a strong competitive position that enables it to compete for projects under the government’s infrastructure buildup program.
DMCI is also set to boost its off-grid power business and expect it to provide 40 megawatts of power in the various islands it serves across the archipelago.
In particular, DMCI operates a two-by-eight-megawatt plant in Palawan and eight megawatt bunker-fired plants in Masbate.
Consunji said DMCI Power has started the shift to the renewable energy space with its four-megawatt solar project in Masbate and another 12-megawatt wind power unit on Semirara Island in lieu of diesel generators
.
On its property development arm, DMCI Homes, Consunji said the enterprise is using up excess supply of completed units.
“At the moment, DMCI Homes sales are slightly below pre pandemic level but by 2025 the leisure projects and the upper and lower market segments will exceed pre pandemic sales levels,” Consunji said.
The group looks to secure the permits of its non-operational nickel projects before the end of the year as well.
“So hopefully the Zambales mines and at Brooke’s Point, Palawan should be operational before the end of this year,” he said.
