Philippines cement sales growth back on track in Q2

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Philippines: Cement sales in the second quarter of 2013 have increased by 8.8% to 5.35Mt from 4.92Mt in the same period in 2012, according to data from the Cement Manufacturers Association of the Philippines (CeMAP). CeMAP commented that it expects the industry to grow as there is an increase in building construction, infrastructure projects and farm-to- market roads, which will now be built using cement.

The increase in sales marks a return to the growth seen in the fourth quarter of 2012 when sales rose by 8.5%. In the first quarter of 2013 sales growth fell to 3%.

Filipino infrastructure spending is expected to grow in 2013. The government has budgeted around US$6.9bn, around 2.5% of the country's gross domestic product, for projects. CeMAP has not yet forecast how much sales will grow by the end of 2013.

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URL: https://www.globalcement.com/news/item/1833-philippines-cement-sales-growth-back-on-track-in-q2

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