The Cement and Lime Stone Project

On November 18, 2010, Century Peak Corporation entered into a joint operating agreement with hilippine Mining Development Corporation (PMDC) for purposes of operating an exploration, development, and utilization of the limestone and associated mineral deposit in Toledo and Pinamungahan, Cebu which was owned by the PMDC.

By the year 2015, the Group was ale to obtain the ECC for the Cement Plant/Power Plant and Limestone Quarry Project.

On January 2, 2018, Century Peak Cement Manufacturing Corporation – the official company name of the business that will handle the Cement Plant /Power Plant and Limestone Quarry Project was registered in the Security and Exchange Commission (SEC). August of the same year, Construction of the Cement Plant was commenced.

After a year, January of 2019, the Construction of CPCMC Private Port Facility was completed and was able to secure a Permit to Operate from Cebu Port Authority by May of the same year. The port was primarily untilized for the incoming shipment of sand and aggregates from Ormoc Leyte. These materials are used for concrete requirement of the cement plant construction.

Presently, the construction of cement plant was almost 100% completion and start of commercial operations is targeted on October 2021.