Philippines: Holcim to invest US$40mn to raise cement capacity

A total of US$40 million (€35.87 million) is being invested by Holcim Philippines to raise capacity. The money will largely be used for the de-bottlenecking of current facilities. Such move will be able to increase the output of cement to 10 million tonnes through 2017. According to Eduardo A Sahagun, CEO and president of Holcim, financing the capacity expansion is not an issue as the company has ample cash and very little debt. Some PHP 2 billion has been set aside by the company for capital expen
May 6, 2015 Read time: 1 min

A total of US$40 million (€35.87 million) is being invested by 680 Holcim Philippines to raise capacity.

The money will largely be used for the de-bottlenecking of current facilities. Such move will be able to increase the output of cement to 10 million tonnes through 2017.

According to Eduardo A Sahagun, CEO and president of Holcim, financing the capacity expansion is not an issue as the company has ample cash and very little debt.

Some PHP 2 billion has been set aside by the company for capital expenditure for 2015. The current capacity of Holcim is 8.2 million tonnes.

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March 3, 2016

Philippines: PHP 2 billion to be invested by Holcim in 2016

In 2016, PHP 2 billion (€38.51 million/US$42.1 million) has been committed by Holcim Philippines to raise its cement capacity in the country.

In 2015, 205 million bags of cement were offloaded by the company, an increase of 11% from 185 million bags offloaded a year ago.

According to Eduardo A Sahagun, country CEO and president of the company, the PHP 2 billion will be used to increase annual cement capacity from 8 million tonnes to 10 million tonnes by the end of 2016.

July 27, 2018

Holcim Philippines’ sales up, but income drops

Holcim Philippines saw its sales rise by 18.5% to PHP 10.1bn (US£189.02mn) from PHP 8.6bn ($160.94mn) in Q2 2018.

However, the company’s net income over the same period slumped by 25% to PHP 868mn ($16.24mn), compared to the same three months of 2017.

On a six-month basis, Holcim Philippines’ net income dropped by 25% to PHP 1.57bn ($29.38mn), with operating EBITDA also lower by 24% to PHP 2.77bn ($51.84mn). In contrast, revenues rose 7.78% to PHP 18.75bn ($350.9mn).

“Our Q2 performance showed enco

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