CONSUNJI-LED DMCI Holdings, Inc. said on Tuesday it is spending around $340 million (P16.84 billion) this year for the establishment of cement production facilities in line with the company’s vision to enter the cement business.

In a disclosure to the Philippine Stock Exchange (PSE), DMCI Holdings Chairman and President Isidro Consunji confirmed that the company is planning to establish production facilities in strategic areas in the Philippines.

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