Holcim Philippines is planning to invest around USD500m in a new cement plant to service an expected surge in demand in coming years, according to a report in the Philippine Daily Inquirer.
The company is reportedly operating near its rated capacity of 7.8Mta, and Holcim chief operating officer Roland van Wijnen said the company would make a decision over the course of this year on whether to activate more idle assets to increase capacity or build an entirely new cement line.
