H1 profit down 43% at P2.1BCEMENT manufacturer Holcim Philippines said Wednesday it is allocating $54 million or P2.7 billion in the next two years to expand its cement production capacity to 12 million metric tons (MT) per year. Holcim has an existing annual capacity of 10 million MT. It aims to add 2 million MT to this capacity starting first half of 2019. “This investment continues the company’s successful debottlenecking of all sites in 2016 that already raised cement capacity to 10 million MT from 8.5 million,” she added. Aside from raising its production capacity, Holcim Philippines is introducing more innovative building solutions and services to help the country build faster, cost effectively and sustainably.

Source: Manila Times July 26, 2017 16:59 UTC