Eagle Cement Corp plans to open the third line of its Bulacan cement plant by 2018.

The new line will add 2Mta of production capacity to the 5.1Mta integrated works in San Ildefonso, bringing its total cement capacity to 7.1Mta. Full funding for the new line has already been secured.

In addition, the company is also looking to build a cement plant in Cebu by 4Q17 with completion of the 2Mta facility scheduled for 1Q20. The Cebu plant will be financed through the funds raised from the ECC's proposed initial public offering of 575 million common shares amounting to PHP9.2bn (US$183.3m).