MANILA, Philippines — Concreat Holdings Philippines Inc., the cement producer formerly known as Cemex Holdings Philippines Inc., announced that its subsidiary Solid Cement Corp. has secured a major financing deal to fuel its growth initiatives.
In a corporate disclosure issued on Wednesday, the company revealed that Solid Cement entered into a term loan facility agreement with BDO Unibank Inc. for up to P5 billion. The substantial funding is earmarked to support capital expenditures and general corporate purposes, signaling continued investment in the cement sector.
"Proceeds from the loan will be used to fund capital expenditures and other general corporate purposes," Concreat stated in its disclosure.
To bolster the transaction, Concreat and another subsidiary, Apo Cement Corp., executed a surety agreement to guarantee Solid Cement's obligations under the loan facility. This move underscores the parent company's commitment to supporting its operational units.
The financing comes at a time when cement manufacturers are actively investing in capacity enhancements and operational upgrades, driven by sustained demand from infrastructure and construction projects across the country.
While the disclosure did not specify the loan's tenor or interest rates, the fresh capital injection is expected to help sustain Solid Cement's operations and advance its ongoing projects.
Concreat operates through subsidiaries engaged in cement production and distribution, with key plants serving Luzon and other growth regions. BDO Unibank, one of the Philippines' largest financial institutions, continues to be a pivotal player in corporate financing, particularly for industries linked to infrastructure development.
This development follows recent challenges for Concreat's parent company, DMCI Holdings Inc., which reported a 20-percent decline in consolidated net income for 2025. The decrease was attributed partly to normalization in energy operations and losses associated with integrating its cement business.