Concreat Holdings to expand presence in VisMin

Consunji-led Concreat Holdings Philippines Inc. (CHP), formerly Cemex Holdings Philippines, on Monday bared its plans to take a bigger bite of the Visayas and Mindanao markets, as the company seeks to make a turnaround in its financial performance within the next three years.

According to Concreat president and chief executive officer Herbert Consunji, the company will draw on the full strength of the DMCI group to support its transformation moving forward.

“To expand our presence in the Visayas and Mindanao regions, we are strengthening our distribution network by tapping the resources of our affiliated companies,” he said during the company’s annual stockholders meeting.

“In addition, we are now extensively supplying the housing and infrastructure projects of the DMCI Group—creating stable internal demand while continuing to serve the broader market,” he added.

DMCI Holdings Inc., the holding firm for the Consunji family businesses, is involved in real estate and property development, coal and nickel mining, power generation, and water distribution.

CHP posted a total comprehensive loss of P24.437 billion in 2024, higher than the P2.171-billion loss incurred in 2023. This comes as revenues fell to P16.040 billion from P17.316 billion, while the cost of sales slightly declined to P13.437 billion from P13.742 billion.

“We recognize that these steps, while timely and impactful, will not change the fortunes of CHP overnight.
Turning around a company takes time, discipline and consistency,” Consunji said.

“But we are confident that the steps we are taking today are steering CHP toward strength, efficiency and long-term competitiveness. Our team in CHP is committed to find solutions to turn the company around in three years’ time,” he added.

Concreat, whose product portfolio includes the brands Rizal, Island, and APO, operates the Solid Cement Plant in Antipolo City and the Apo Cement Plant in the City of Naga, Cebu.

To recall, the Consunji Group, through DMCI Holdings Inc., Semirara Mining and Power Corp., and Dacon Corp., completed the $272-million acquisition of Cemex Asian East Corp. in December 2024. — BM, GMA Integrated News