Holcim - March 2013
Holcim Philippines reported record volumes in 2012. Cement shipments, which had declined by five per cent in 2011, rose by 21 per cent. Turnover grew by more than a quarter to PHP27,160m (EUR517.7m/US$660m) and the net profit, which had dropped by 47.1 per cent in 2011, jumped by almost 80 per cent to PHP3630m as the construction industry led the country's economic recovery. The company's management is expecting further volume growth in 2013 and is importing clinker to ensure cement supplies.