Holcim Philippines, Inc. has announced the investment of close to $300 million to raise its cement production capacity by 30 percent.
The construction solutions company is aiming for 13 million metric tons by 2020 from its current 10 million tons.
For its efficiency initiatives, Holcim plans to upgrade its facilities in Bulacan and Misamis Oriental with a cost focus on installing new kilns, mills and waste heat recovery systems. The move, Holcim said, is to better support the country’s strong economic development and robust construction activity.
“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,” Holcim Philippines chairman Tomas Alcantara was quoted in a disclosure.
The projects fall under Holcim’s capacity and productivity investments which started in 2012. The listed company has previously rehabilitated its grinding plant in Mabini, Batangas, followed by the debottlenecking of its plants in 2015.
The company also has expansion projects in La Union and Davao scheduled for completion in 2019. Part of the plan for the upgrade of Holcim’s La Union plant is the installation of new equipment and storage facilities to also increase its annual cement production capacity, to 1.8 million tons from the current capacity of one million tons.
“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,” president and chief executive officer of Holcim Philippines John Stull said.
Holcim focuses in the manufacture, sale and distribution of cement, dry mix mortar products and clinker. With its subsidiaries, the company owns four production facilities, one cement grinding mill, three ports and multiple storage and distribution points in the country.