Philippines: Japan-based Taiheiyo Cement subsidiary Taiheiyo Cement Philippines has announced the formation of the Philippines Renewal Construction Project team. The company says that the team will support work on a new production line at the company’s integrated San Fernando cement plant in Cebu. When finished, the upgrade will give the company a total production capacity of 3Mt/yr. The producer said that expanding production capacity in the country is among its biggest growth strategies. Its longer-term sales target is 5Mt/yr, corresponding to a domestic sales share of 10%.
The company anticipates a growth in cement demand in 2021, in part due to the government’s infrastructure budget of US$20.8bn, over 5% of gross domestic product.