Philippines: Holcim Philippines will invest up to US$40m to expand its production capacity from 8Mt/yr to 10Mt/yr target by the end of 2016.
Holcim Philippines president and CEO Eduardo A Sahagun said that the company was gearing up to improve its facilities in Calaca and Mabini in Batangas, as well as in Norzagaray in Bulacan. Sahagun said that the newly-acquired Star terminal of Lafarge Republic would also increase its production capacity.
"We are reviving a lot of projects. Our Calaca plant is easily adjustable to additional volume as well as the Mabini plant and the Star terminal. The Star terminal could double our capacity. Cement demand is growing and we have no option but to raise our supply," said Sahagun. He expects to see surging market demand due to new public-private partnership (PPP) projects and as more infrastructure major players in the country have announced expansion plans.
"The market prospects remain bright as construction activity is expected to continue," said Sahagun. He attributed the growth to higher private construction activities and accelerated government infrastructure spending.
"Our investment in plant upgrades allows our plants to run longer before scheduled maintenance activities. This will pay off in the current market environment as we are able to meet the demands of customers," Sahagun added.
