Philippine businessman Ramon S Ang plans to expand capacity of his privately-held Eagle Cement Corp as well as construct two new cement plants in the country.
In an interview published in the Philippine Star, Ang said the company plans to build two new cement facilities in Cebu and Davao, each with a capacity of 2Mta.
He also plans to add a 1Mta line at its existing cement facility in Bulacan. “We are now finishing the second line and preparing to put up a third line. With Eagle 3 line," Ang said. Upon completion of the third line, total capacity at the plant would reach 6Mta.
Ang’s investment in the profitable cement business is seen to benefit San Miguel Corp’s infrastructure business. Ang currently serves as president and chief operating officer of the diversified conglomerate. He also has investments in Northern Cement Corp. a cement company with a production facility in Pangasinan with a capacity of 2Mta.