SMC – Cebu Cement Manufacturing Plant – Central Visayas - Project Profile
"SMC – Cebu Cement Manufacturing Plant – Central Visayas - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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San Miguel Corporation (SMC) through its subsidiary Eagle Cement Corp. is planning to undertake the cement manufacturing plant in Cebu Province, the Philippines.
The project involves the construction of cement manufacturing plant with a capacity of 2 million tonnes per annum (MTPA).
The project includes the construction of clinker production unit, warehouse, production units, packing units, distribution unit, raw material storage facility and marine terminals.
The project will be financed through a combination of the net proceeds of the offer, debt funding and internally generated funds.
On May 11, 2017, the board of the Philippine Stock Exchange approved the initial public offerings (IPO) of Eagle Cement Corp. which will use part of the IPO to finance the project.
Planning activities are underway. Subject to the approvals, construction works are scheduled to commence in the fourth quarter of 2017 with completion scheduled by the first quarter of 2020.
The project involves the construction of cement manufacturing plant with a capacity of 2MTPA in Cebu Province, the Philippines.
The US$250 million project includes the following:
1. Construction of clinker production unit
2. Construction of warehouse
3. Construction of production units
4. Construction of packing units
5. Construction of distribution unit
6. Construction of raw material storage facility
7. Construction of other related infrastructure
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