BOI Approves SOLID Cement’s New Production Line

The Board of Directors of Cemex Holdings Philippines Inc. (PSE: CHP) was informed on 30 January 2019 that the Board of Investments of the Philippines (BOI) has issued its approval of the application of its wholly-owned subsidiary, SOLID Cement Corporation (SOLID), as a new producer of cement on a pioneer status but with non-pioneer incentives for its 1.5 million metric tons per year new integrated cement production line in Antipolo City, Rizal.

The project’s certificate of registration will be issued in due course upon compliance by SOLID with standard requirements.