Republic eyes government projects to boost revenues, Philippines

Republic eyes government projects to boost revenues, Philippines
06 June 2006

Republic Cement Corp of the Philippines is eyeing government infrastructure projects this year to boost its revenues. 
Juan Miguel Montinola, Republic Cement president and chief executive officer, told reporters on Monday that the company is not only providing cement for the construction of the Subic-Clark-Tarlac Road in Central Luzon but is also considering the possibility of supplying other projects. 
"Yes, we’re always interested in all of these projects. Our other plant is well suited for the proposed extension and the connection of the STAR [Southern Tagalog Arterial Road] and the SLEX [South Luzon Expressway]. We’re positioned there, but those projects are only starting. [But] of course, we’re interested in it," he said. 
Montinola added that the company would be spending "half" of the P1-billion capital expenditures it used last year. Last year, he said, the company allotted P700 million for the upgrade of one of its plants. 
For this year, Montinola said the budget would also be used to tap alternative fuels for the company’s production needs. 
Published under Cement News