Holcim Philippines to raise capacity to 13Mta by 2020

Holcim Philippines (LafargeHolcim group) is investing US$300m to raise its cement capacity in the country by 30 per cent to 13Mta by 2020.

Holcim Philippines informed the Philippine stock exchange that will upgrade its facilities in Bulacan and Misamis Oriental with the installation of new and efficient kilns and mills and waste heat recovery systems as part of its cost focus.

"Our company believes in the sustained development of the Philippines. This investment is proof of our confidence in the country and our commitment to be a strong partner for progress," said Holcim Philippines Chairman, Tomas Alcantara.

"Our capacity expansion ensures that we can provide a steady supply of quality building materials to support the government’s infrastructure program and the resulting construction activity from the economy’s sustained rise," John Stull, Holcim Philippines' President and CEO, said.