CHP raising cement prices as fuel costs soar

MANILA, Philippines — Concreat Holdings Philippines Inc. (CHP) is raising cement prices as a result of higher fuel costs due to the Middle East conflict.

Concreat Holdings president and CEO Herbert Consunji said the company has started hiking prices last March 15 by P10 and another P10 last week.

He said the company would further increase prices by another P10 by the first week of April.

“What we’re doing is, it is passed through. So any increase in fuel, we will add. There’ll be tranches,” he said.

Consunji said the price increases are indicated as surcharge for fuel.

“Because it hits us in two aspects: logistics, which is delivery and trucks, and at the same time, the cooking of cement. The logistics uses a lot of gasoline,” Consunji said.

“So in case things happen positively, then we will remove it,” he said.

CHP, formerly Cemex Holdings Philippines, is a major cement manufacturer in the country.

The company produces high-quality cement under the brands APO, Rizal and Island, including Ordinary Portland Cement, widely used in large-scale construction projects.

It operates through its wholly owned subsidiaries, APO Cement Corp. and Solid Cement Corp.

In December 2024, the Consunji Group, through diversified engineering conglomerate DMCI Holdings, Semirara Mining and Power Corp. and Dacon Corp., completed its acquisition of Cemex Asian South East Corp. for $272 million.

Last year, CHP’s new Solid Cement Plant production line in Antipolo City became fully operational, expanding its total annual plant capacity by 26 percent to 7.2 million tons.