Holcim Philippines profits surge

Holcim Philippines profits surge

Strong sales and improved operational efficiency have helped Holcim Philippines to boost its profits up to 34 per cent (Php1.62 billion). The income from cement business are up by 13 per cent.

Our industry is a key sector benefiting early from the Philippines' economic revival, said Holcim Philippines CEO Ed Sahagun. 'We see a continuing trend in construction activities. The government is keen on sustaining infrastructure investments, and private construction is being driven by real demand. In such an environment, the challenge is keeping the market supplied and we are committed to do our share.

Sahagun further attributed the profits to the company's focus on operational efficiency and cost management capabilities. He mentioned that Holcim Philippines is set to conduct its regular maintenance activities during the rainy season, when demands are low.

Next year, the government's proposed national budget for infrastructure development is set to be 35.5 per cent higher than in 2013. Taking cue from this Holcim Philippines will be reactivating its 1 million tpa grinding plant in Mabini, Batangas.

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