April 23, 2026
Philippines' Solid Cement secures loan to support operations
Editor:
HIGHLIGHTS
Up to $82.9 mil loan via term facility
Plant capacity rises to 7.2 mil mt/y
Concreat Holdings Philippines Inc. subsidiary Solid Cement Corp. secured a loan worth up to Pesos 5 billion ($82.9 million) to support capital spending and operations, Concreat said April 22.
Solid Cement obtained access to funding through a term loan facility agreement with BDO Unibank, according to Concreat.
Proceeds from the loan will be used to fund capital expenditures and other general corporate purposes, Concreat said.
The funding comes as Concreat ramps up production. A new production line at the Solid Cement plant in Rizal province commenced operations in April 2025, boosting Concreat's total plant capacity to 7.2 million metric tons/year from 5.7 million mt/y.
Platts, part of S&P Global Energy, assessed ASTM Type I bulk cement at $38/mt FOB Vietnam on April 23, down 50 cents/mt week over week.
