Big Boy Sy wants Big Boss Cement to play with the big boys, to invest up to P8B
Bilyonaryo Big Boy Sy is plannning to pour in in P4 billion to P8 billion in the next four years to make Big Boss Cement Inc. (BBCI) a major player in the infrastructure boom under President Rodrigo Duterte.
BBCI President Gilbert Cruz told reporters the company would establish two more cement manufacturing facilities to add 10 million bags a month to its current capacity.
Cruz said its cement manufacturing facility in Porac, Pampanga produces 1.5 million bags a month.
“It is expanding to meet the needs of the country which is exponentially requiring cement every year. Today, we are 22 million metric tons; five years from now, we will be 40 million metric tons. There is a lot of gaps that we have to fill in so we should be building more, and we should not rely on imports,” he said ar the sidelines of BBCI’s product launch Thursday night.
Cruz said the company targets to support the government’s “Build, Build, Build” infrastructure program through “whatever we can produce.”
Sy is also chairman of listed real estate giant SM Prime Holdings Inc. (PNA)