To better support the country’s strong economic development and robust construction activity, building solutions provider Holcim Philippines, Inc. will invest close to $300 million to raise its cement production capacity by 30% to 13 million metric tons by 2020.
The Company 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.
The projects are part of the continuous capacity and productivity investments that Holcim Philippines started in 2012 with the rehabilitation of its grinding plant in Mabini, Batangas. This was followed by debottlenecking of plants in 2015 and expansion projects in La Union and Davao that are set to be completed in 2019.
Tomas Alcantara, Holcim Philippines Chairman: “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. With this, Holcim Philippines will continue being a reliable partner in building a better future for the country.”
John Stull, Holcim Philippines President and CEO: “These projects enable our company to continue playing an important role in the country’s growth. 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.”