Concreat unit obtains P5-B loan from BDO

MANILA, Philippines — Concreat Holdings Philippines Inc., formerly Cemex Holdings Philippines Inc., said one of its key subsidiaries has secured fresh funding to support capital spending and operations.

In a disclosure on Wednesday, the company said Solid Cement Corp. entered into a term loan facility agreement with BDO Unibank Inc. for up to P5 billion.

Proceeds from the loan will be used to fund capital expenditures and other general corporate purposes, the Concreat said.

To support the transaction, Concreat and another subsidiary, Apo Cement Corp., signed a surety agreement to secure Solid Cement’s obligations under the facility.

The move comes as cement producers continue to invest in capacity and operational improvements amid steady demand tied to infrastructure and construction activities.

READ: Consunji-led Concreat completes Rizal cement plant expansion

This fresh funding is expected to help sustain Solid Cements’s operations and support ongoing projects.

The disclosure did not provide further details on the loan’s tenor or pricing.

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Concreat is engaged in the production and distribution of cement products through its subsidiaries. Its operations are anchored on key cement plants serving Luzon and other growth areas.

READ: DMCI raises cement prices amid fuel spike

BDO, one of the country’s largest banks, continues to play a key role in financing large corporations, particularly in sectors tied to infrastructure and construction.

The parent firm, DMCI Holdings Inc., posted a 20-percent drop in consolidated net income for 2025, weighed down by softer earnings from its energy business and losses linked to the integration of its cement unit.

READ: Infrastructure graft weighs down Philippine cement demand

DMCI said the decline was largely due to “normalizing” results from its integrated energy operations, along with losses incurred by its cement arm, Concreat. —INQ