Holcim Philippines CEO tips cement market growth in 2016

Holcim Philippines' CEO Eduardo A Sahagun has tipped the domestic cement market’s robust performance to continue in 2016, with sales growth of up to 8%. The nation’s private sector's continuing construction activities and the Philippines government's higher infrastructure spending will help drive the market. The government has set a public works budget of around PHP 800 billion (US$17.35 billion) for 2016. Cement sales in the country rose 14.3% year-on-year to 24.36 million tonnes in 2015, with Holcim Phili
April 18, 2016 Read time: 1 min

680 Holcim Philippines' CEO Eduardo A Sahagun has tipped the domestic cement market’s robust performance to continue in 2016, with sales growth of up to 8%. The nation’s private sector's continuing construction activities and the Philippines government's higher infrastructure spending will help drive the market. The government has set a public works budget of around PHP 800 billion (US$17.35 billion) for 2016. Cement sales in the country rose 14.3% year-on-year to 24.36 million tonnes in 2015, with Holcim Philippines recording a market share of 32%-34%.

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