Holcim Philippines has plans to increase cement production capacity with an investment of $40 million over the next three years. Despite strong domestic demand for cement, revenue fell by 10 per cent in the first quarter of 2015 due to rising costs.
The investment will mainly finance the ?debottlenecking? of existing facilities by bringing production capacity up to 10 mt/year by 2017.
At present, the company has a production capacity of 8.2 mt/year. Around 65 per cent of the investment will go towards maintenance of existing facilities. Holcim Philippines has also plans to develop a brownfield cement plant in Norzagaray, Bulacan subject to the approval of the company?s head office in Switzerland.