Philippines: Eagle Cement’s sales rose by 28% year-on-year to US$202m in the first half of 2019 from US$157m in the same period in 2018. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 21% to US$80.6m.
The company said it was on track to complete a 1.5Mt/yr grinding upgrade to its Bulacan plant in 2020. It added that it was secured approval for a permit to build a port terminal to support its new Line 4 production line at its Cebu plant. Once completed it expects to sell cement in the Visayas region by the end of 2020.
