MANILA, Philippines — Solid Cement Corp., a key subsidiary of the Consunji-led Concreat Holdings Philippines Inc. (formerly Cemex Holdings Philippines Inc.), has secured a ₱5-billion term loan facility from BDO Unibank Inc. The fresh funding is earmarked to bolster capital expenditures and general corporate operations as the company integrates into the DMCI Group.
The move was announced in a regulatory disclosure on Wednesday, April 22, 2026, signaling a major push to modernize and expand its production capacity in the face of steady national infrastructure demand.
The loan facility is backed by the broader resources of the Concreat group to ensure favorable terms and institutional stability.
- Surety Agreement: To secure Solid Cement’s obligations under the BDO facility, parent firm Concreat Holdings and sister subsidiary Apo Cement Corp. have signed as sureties.
- Strategic Rebranding: The financing comes shortly after the official transition of Cemex Holdings to Concreat Holdings, following the Consunji family’s acquisition of the cement giant through DMCI Holdings Inc. and Semirara Mining and Power Corp.
- Operational Goal: Proceeds will primarily fund ongoing capital expenditures, including the recently completed expansion of the Rizal cement plant, and support general working capital requirements.
While the loan provides essential liquidity, the cement unit’s parent company, DMCI Holdings, is navigating a challenging transition period.
- Earnings Headwinds: DMCI reported a 20-percent decline in consolidated net income for 2025, partly due to losses associated with integrating the newly acquired cement business.
- Synergy Search: The Consunji family aims to create synergies between their construction (D.M. Consunji, Inc.), mining, and power businesses with Concreat’s manufacturing capabilities to lower vertical costs.
- Market Position: Concreat remains a dominant player in the Philippine cement industry, serving key growth areas in Luzon through its strategically located plants.
The ₱5-billion loan underscores the resilience of the construction materials sector despite economic headwinds.
- Infrastructure Demand: Steady government and private sector spending on infrastructure continues to drive cement consumption.
- Fuel Challenges: The sector is currently grappling with high energy costs, leading DMCI to implement selective price increases earlier this year to protect margins.
- BDO’s Role: As one of the country’s largest lenders, BDO’s support for the facility reaffirms its role as a primary financier for the Philippines’ industrial and infrastructure development.
