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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